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Insurance Underwriters Salary in New Mexico

How much does a Insurance Underwriters make in New Mexico?

Last updated: 2024 data from the Bureau of Labor Statistics

$62,390
Median Annual Salary
$70,750
Mean Salary
$62,390
Median Salary
$30.00
Hourly Rate
130 people work as Insurance Underwriters in New Mexico

About This Job: Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Top Skills

Reading Comprehension
3.75
Active Listening
3.75
Writing
3.75
Critical Thinking
3.75
Speaking
3.62

Key Knowledge Areas

English Language
4.0
Customer and Personal Service
3.9
Mathematics
3.27
Sales and Marketing
3.17
Administrative
2.93
Typical Education: Bachelor's Degree (70.0% of workers)

Source: O*NET OnLine, U.S. Department of Labor

Salary Range: Insurance Underwriters in New Mexico

Salaries for Insurance Underwriters in New Mexico range from $46,620 at the 10th percentile (entry level) to $105,630 at the 90th percentile (experienced). The middle 50% earn between $47,520 and $99,020.

Median $62,390
P10: $46,620 P25: $47,520 P75: $99,020 P90: $105,630
10th
$46,620
25th
$47,520
Median
$62,390
75th
$99,020
90th
$105,630
Percentile Annual Salary Hourly Rate Monthly
10th Percentile (Entry Level) $46,620 $22.41 $3,885
25th Percentile $47,520 $22.85 $3,960
Median (50th) $62,390 $30.00 $5,199
75th Percentile $99,020 $47.61 $8,251
90th Percentile (Experienced) $105,630 $50.78 $8,802

Note: The mean (average) salary of $70,750 differs from the median because salary distributions are typically skewed by high earners.

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What does this salary really buy? See Insurance Underwriters salary in New Mexico adjusted for cost of living →

Insurance Underwriters Salary by State

Compare Insurance Underwriters pay across states — sorted by highest median salary.

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Frequently Asked Questions

How much does a Insurance Underwriters make in New Mexico?
The median annual salary for a Insurance Underwriters in New Mexico is $62,390 as of 2024. The average (mean) salary is $70,750.
What is the salary range for a Insurance Underwriters in New Mexico?
Salaries for Insurance Underwriters in New Mexico range from $46,620 at the 10th percentile to $105,630 at the 90th percentile. The middle 50%% earn between $47,520 and $99,020.
What is the starting salary for a Insurance Underwriters in New Mexico?
Entry-level Insurance Underwriters positions in New Mexico typically start around $46,620 (10th percentile). With some experience, salaries rise to $47,520 (25th percentile).
How many people work as Insurance Underwriters in New Mexico?
According to 2024 BLS data, approximately 130 people are employed as Insurance Underwriters in New Mexico.
What is the hourly rate for a Insurance Underwriters in New Mexico?
Based on a standard 2,080-hour work year, the median hourly rate for a Insurance Underwriters in New Mexico is approximately $30.00 per hour.

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.

Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.

Our Methodology · Data Sources · Source: BLS OEWS