Insurance Underwriter salary in New Mexico
Insurance Underwriters in New Mexico earn a median of $64,000 a year ($30.77 an hour), based on BLS data for 100 workers.
Pay ranges from $47,170 for the lowest-paid 10% to $106,680 for the top 10%. That is 21% lower than the national median of $81,370. New Mexico ranks 44th of 49 states for insurance underwriters pay. There are 0.12 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.17). The average (mean) salary is $71,970, above the median because a few high earners pull it up.
Pay range for insurance underwriters in New Mexico
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $47,170 | $22.68 |
| 25th percentile | $48,450 | $23.29 |
| Median | $64,000 | $30.77 |
| 75th percentile | $93,590 | $45.00 |
| 90th percentile (top earners) | $106,680 | $51.29 |
| Average (mean) | $71,970 | $34.60 |
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 | $5,333.33 |
| Semi-monthly (24 a year) | $2,666.67 |
| Biweekly (26 a year) | $2,461.54 |
| Weekly | $1,230.77 |
| Hourly | $30.77 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Insurance Underwriter salary in cities in New Mexico
| Metro area | Median salary | Workers |
|---|---|---|
| Albuquerque, NM | $70,150 | 60 |
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 |
Related jobs in New Mexico
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $78,580 | $37.78 |
| Loan Officer | $62,610 | $30.10 |
| Financial and Investment Analysts | $87,630 | $42.13 |
| Budget Analyst | $87,360 | $42.00 |
| Financial Specialists, All Other | $80,610 | $38.76 |
| Personal Financial Advisor | $94,270 | $45.32 |
| Property Appraisers and Assessors | $50,550 | $24.30 |
| Tax Preparer | $38,060 | $18.30 |
| Financial Examiner | $67,950 | $32.67 |
| Credit Counselor | $50,390 | $24.23 |
| Tax Examiners and Collectors, and Revenue Agents | $56,260 | $27.05 |
| Financial Risk Specialist | $87,260 | $41.95 |
| Credit Analyst | $72,160 | $34.69 |
| Business Operations Specialists, All Other | $79,100 | $38.03 |
More: Business and Financial Operations Occupations · all salaries in New Mexico
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 New Mexico?
The median salary for insurance underwriters in New Mexico is $64,000 a year, or $30.77 an hour. Pay ranges from $47,170 for the lowest-paid 10% to $106,680 for the top 10%.
How much do the highest-paid insurance underwriters make in New Mexico?
The top 10% of insurance underwriters in New Mexico earn at least $106,680 a year. The top 25% earn $93,590 or more.
What is the starting pay for insurance underwriters in New Mexico?
Entry-level pay (the 10th percentile) is about $47,170 a year, and a quarter of insurance underwriters earn $48,450 or less.
How many insurance underwriters work in New Mexico?
About 100 insurance underwriters are employed in New Mexico, not counting the self-employed.