Insurance Underwriters pay range in Richmond
New workers and the lowest-paid 10% earn about $63,310 a year or less, while the top 10% make $129,500 or more. The middle half of insurance underwriters in Richmond earn between $65,680 and $102,270.
- $63K10th
- $66K25th
- $81KMedian
- $102K75th
- $130K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $92,670 | $7,722 | $44.55 |
| Median | $81,400 | $6,783 | $39.13 |
| Entry level (25th percentile) | $65,680 | $5,473 | $31.58 |
| Experienced (75th percentile) | $102,270 | $8,522 | $49.17 |
*Hourly figures assume 2,080 paid hours a year.
Insurance Underwriters salary after taxes in Richmond
On the average salary of $92,670, a single filer in Richmond takes home about $69,509 a year, or $5,792 a month and $2,673 every two weeks. Taxes take 25% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Richmond a good place for insurance underwriters? Pay vs. cost of living
Prices in the Richmond area are 2% below the U.S. average (BEA price parity 97.9), so the average $92,670 buys what about $94,698 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Richmond ($51,460). A typical home costs $397,705, or 4.3 years of this average salary before tax.
Insurance Underwriters salary in other Virginia cities
Richmond ranks 1st of 4 Virginia metro areas for this job, the best-paid in the state.
- Richmond$92,670
- Charlottesville$88,470
- Virginia Beach$88,450
- Roanoke$75,070
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 Richmond: questions
How much do insurance underwriters make an hour in Richmond?
$44.55 an hour on average, and $39.13 at the median (BLS, May 2025).
What is the entry-level insurance underwriters salary in Richmond?
The lowest-paid 10% earn about $63,310 a year and the 25th percentile is $65,680, a fair guide to starting pay.
What is the insurance underwriters take-home pay in Richmond?
About $69,509 a year ($5,792 a month) for a single filer on the average salary of $92,670.
Do insurance underwriters earn more in Richmond than elsewhere?
The average here is about the same as 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 Richmond, VA (40060). Relative standard error of the mean wage: 2.1%.
- 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 state income tax (2025 rules).
- Job concentration: location quotient 2.11, this job is 2.1 times as concentrated as in the U.S. overall.
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