Insurance Underwriter salary in Cedar Rapids, IA
Insurance Underwriters in the Cedar Rapids, IA metro area earn a median of $77,440 a year ($37.23 an hour), based on BLS data for 100 workers.
Pay ranges from $58,260 for the lowest-paid 10% to $98,300 for the top 10%. That is 5% lower than the national median of $81,370. Pay here is 3% higher than the Iowa statewide median of $75,160. There are 0.69 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $77,480, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Cedar Rapids, IA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $58,260 | $28.01 |
| 25th percentile | $61,430 | $29.54 |
| Median | $77,440 | $37.23 |
| 75th percentile | $95,200 | $45.77 |
| 90th percentile (top earners) | $98,300 | $47.26 |
| Average (mean) | $77,480 | $37.25 |
Half of insurance underwriters earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,453.33 |
| Semi-monthly (24 a year) | $3,226.67 |
| Biweekly (26 a year) | $2,978.46 |
| Weekly | $1,489.23 |
| Hourly | $37.23 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Insurance Underwriter salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Davenport-Moline-Rock Island, IA-IL | $80,070 | 80 |
| Des Moines-West Des Moines, IA | $79,230 | 790 |
| Dubuque, IA | $74,390 | 50 |
| Sioux City, IA-NE-SD | $74,130 | 100 |
| Omaha, NE-IA | $70,160 | 760 |
Highest-paying states for insurance underwriters
| State | Median salary |
|---|---|
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
See Insurance Underwriter pay in every state or the Iowa statewide figures.
Related jobs in Cedar Rapids, IA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,180 | $37.11 |
| Personal Financial Advisor | $93,320 | $44.87 |
| Financial and Investment Analysts | $82,840 | $39.83 |
| Loan Officer | $85,990 | $41.34 |
| Financial Specialists, All Other | $77,240 | $37.13 |
| Financial Examiner | $82,620 | $39.72 |
| Credit Analyst | $73,590 | $35.38 |
| Tax Preparer | $51,820 | $24.92 |
| Financial Risk Specialist | $91,480 | $43.98 |
| Property Appraisers and Assessors | $89,270 | $42.92 |
| Market Research Analysts and Marketing Specialists | $63,630 | $30.59 |
| Project Management Specialist | $93,760 | $45.08 |
| Business Operations Specialists, All Other | $72,740 | $34.97 |
| Human Resources Specialist | $63,070 | $30.32 |
More: Business and Financial Operations Occupations · all salaries in Cedar Rapids, IA
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2053. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a insurance underwriter make in Cedar Rapids, IA?
The median salary for insurance underwriters in the Cedar Rapids, IA metro area is $77,440 a year, or $37.23 an hour. Pay ranges from $58,260 for the lowest-paid 10% to $98,300 for the top 10%.
How much do the highest-paid insurance underwriters make in Cedar Rapids, IA?
The top 10% of insurance underwriters in the Cedar Rapids, IA metro area earn at least $98,300 a year. The top 25% earn $95,200 or more.
What is the starting pay for insurance underwriters in Cedar Rapids, IA?
Entry-level pay (the 10th percentile) is about $58,260 a year, and a quarter of insurance underwriters earn $61,430 or less.
How many insurance underwriters work in Cedar Rapids, IA?
About 100 insurance underwriters are employed in the Cedar Rapids, IA metro area, not counting the self-employed.