Insurance Underwriters pay range in Waco
New workers and the lowest-paid 10% earn about $46,840 a year or less, while the top 10% make $99,350 or more. The middle half of insurance underwriters in Waco earn between $46,840 and $78,890.
- $47K10th
- $47K25th
- $62KMedian
- $79K75th
- $99K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $67,280 | $5,607 | $32.35 |
| Median | $61,560 | $5,130 | $29.60 |
| Entry level (25th percentile) | $46,840 | $3,903 | $22.52 |
| Experienced (75th percentile) | $78,890 | $6,574 | $37.93 |
*Hourly figures assume 2,080 paid hours a year.
Insurance Underwriters salary after taxes in Waco
On the average salary of $67,280, a single filer in Waco takes home about $56,161 a year, or $4,680 a month and $2,160 every two weeks. Taxes take 17% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Waco a good place for insurance underwriters? Pay vs. cost of living
Prices in the Waco area are 7% below the U.S. average (BEA price parity 92.5), so the average $67,280 buys what about $72,696 would buy in a typical U.S. metro. This job pays 1.3 times the median wage of all jobs in Waco ($46,020). A typical home costs $256,772, or 3.8 years of this average salary before tax.
Insurance Underwriters salary in other Texas cities
Waco ranks 5th of 5 Texas metro areas for this job; Dallas pays the most ($94,020).
- Dallas$94,020
- San Antonio$91,380
- Houston$87,040
- Austin$83,780
- Waco$67,280
Highest-paying cities for insurance underwriters
Bridgeport, CT pays this job the most of the metro areas we cover ($127,970).
- Bridgeport, CT$127,970
- Boston, MA$115,600
- Denver, CO$115,260
- Seattle, WA$114,200
- Manchester, NH$112,530
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Insurance Underwriters salary in Waco: questions
How much do insurance underwriters make an hour in Waco?
$32.34 an hour on average, and $29.60 at the median (BLS, May 2025).
What is the entry-level insurance underwriters salary in Waco?
The lowest-paid 10% earn about $46,840 a year and the 25th percentile is $46,840, a fair guide to starting pay.
What is the insurance underwriters take-home pay in Waco?
About $56,161 a year ($4,680 a month) for a single filer on the average salary of $67,280. Texas has no state income tax.
Do insurance underwriters earn more in Waco than elsewhere?
The average here is 29% less than the U.S. metro average for this job ($95,210).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2053; area Waco, TX (47380). Relative standard error of the mean wage: 0.9%.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 1.82, this job is 1.8 times as concentrated as in the U.S. overall.
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