Insurance Underwriter salary in Memphis, TN-MS-AR
Insurance Underwriters in the Memphis, TN-MS-AR metro area earn a median of $80,160 a year ($38.54 an hour), based on BLS data for 130 workers.
Pay ranges from $59,350 for the lowest-paid 10% to $103,750 for the top 10%. That is 1% lower than the national median of $81,370. Pay here is 2% higher than the Tennessee statewide median of $78,840. There are 0.21 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.30). The average (mean) salary is $80,960, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Memphis, TN-MS-AR
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $59,350 | $28.54 |
| 25th percentile | $59,360 | $28.54 |
| Median | $80,160 | $38.54 |
| 75th percentile | $97,780 | $47.01 |
| 90th percentile (top earners) | $103,750 | $49.88 |
| Average (mean) | $80,960 | $38.93 |
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 | $6,680 |
| Semi-monthly (24 a year) | $3,340 |
| Biweekly (26 a year) | $3,083.08 |
| Weekly | $1,541.54 |
| Hourly | $38.54 |
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 |
|---|---|---|
| Chattanooga, TN-GA | $102,460 | 110 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | $79,870 | 620 |
| Knoxville, TN | $73,880 | 150 |
| Little Rock-North Little Rock-Conway, AR | $67,520 | 150 |
| Jackson, MS | $65,550 | 340 |
| Gulfport-Biloxi, MS | $51,470 | 50 |
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 Tennessee statewide figures.
Related jobs in Memphis, TN-MS-AR
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,960 | $37.00 |
| Tax Examiners and Collectors, and Revenue Agents | $49,440 | $23.77 |
| Loan Officer | $63,250 | $30.41 |
| Financial and Investment Analysts | $91,180 | $43.84 |
| Personal Financial Advisor | $100,120 | $48.13 |
| Financial Specialists, All Other | $72,090 | $34.66 |
| Credit Analyst | $66,890 | $32.16 |
| Property Appraisers and Assessors | $60,860 | $29.26 |
| Tax Preparer | $35,410 | $17.02 |
| Budget Analyst | $93,450 | $44.93 |
| Financial Risk Specialist | $88,910 | $42.74 |
| Credit Counselor | $60,210 | $28.95 |
| Financial Examiner | $102,420 | $49.24 |
| Human Resources Specialist | $69,150 | $33.24 |
More: Business and Financial Operations Occupations · all salaries in Memphis, TN-MS-AR
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 Memphis, TN-MS-AR?
The median salary for insurance underwriters in the Memphis, TN-MS-AR metro area is $80,160 a year, or $38.54 an hour. Pay ranges from $59,350 for the lowest-paid 10% to $103,750 for the top 10%.
How much do the highest-paid insurance underwriters make in Memphis, TN-MS-AR?
The top 10% of insurance underwriters in the Memphis, TN-MS-AR metro area earn at least $103,750 a year. The top 25% earn $97,780 or more.
What is the starting pay for insurance underwriters in Memphis, TN-MS-AR?
Entry-level pay (the 10th percentile) is about $59,350 a year, and a quarter of insurance underwriters earn $59,360 or less.
How many insurance underwriters work in Memphis, TN-MS-AR?
About 130 insurance underwriters are employed in the Memphis, TN-MS-AR metro area, not counting the self-employed.