Insurance Underwriter salary in Sioux Falls, SD-MN
Insurance Underwriters in the Sioux Falls, SD-MN metro area earn a median of $77,160 a year ($37.10 an hour), based on BLS data for 150 workers.
Pay ranges from $60,430 for the lowest-paid 10% to $169,290 for the top 10%. That is 5% lower than the national median of $81,370. Pay here is 7% lower than the South Dakota statewide median of $83,130. There are 0.84 insurance underwriters per 1,000 jobs here — the job is 1.2× more common than nationally. The average (mean) salary is $99,740, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Sioux Falls, SD-MN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $60,430 | $29.05 |
| 25th percentile | $61,150 | $29.40 |
| Median | $77,160 | $37.10 |
| 75th percentile | $108,250 | $52.04 |
| 90th percentile (top earners) | $169,290 | $81.39 |
| Average (mean) | $99,740 | $47.95 |
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 | $6,430 |
| Semi-monthly (24 a year) | $3,215 |
| Biweekly (26 a year) | $2,967.69 |
| Weekly | $1,483.85 |
| Hourly | $37.10 |
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 |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $82,980 | 1,880 |
| Fargo, ND-MN | $74,130 | 130 |
| Sioux City, IA-NE-SD | $74,130 | 100 |
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 South Dakota statewide figures.
Related jobs in Sioux Falls, SD-MN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $80,920 | $38.91 |
| Loan Officer | $81,380 | $39.13 |
| Financial and Investment Analysts | $99,140 | $47.66 |
| Personal Financial Advisor | $121,350 | $58.34 |
| Credit Analyst | $66,000 | $31.73 |
| Property Appraisers and Assessors | $67,750 | $32.57 |
| Tax Preparer | $52,530 | $25.26 |
| Financial Examiner | $95,100 | $45.72 |
| Financial Risk Specialist | $80,360 | $38.64 |
| Tax Examiners and Collectors, and Revenue Agents | $70,050 | $33.68 |
| Management Analyst | $84,930 | $40.83 |
| Market Research Analysts and Marketing Specialists | $66,060 | $31.76 |
| Human Resources Specialist | $68,230 | $32.80 |
| Claims Adjusters, Examiners, and Investigators | $78,900 | $37.93 |
More: Business and Financial Operations Occupations · all salaries in Sioux Falls, SD-MN
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 Sioux Falls, SD-MN?
The median salary for insurance underwriters in the Sioux Falls, SD-MN metro area is $77,160 a year, or $37.10 an hour. Pay ranges from $60,430 for the lowest-paid 10% to $169,290 for the top 10%.
How much do the highest-paid insurance underwriters make in Sioux Falls, SD-MN?
The top 10% of insurance underwriters in the Sioux Falls, SD-MN metro area earn at least $169,290 a year. The top 25% earn $108,250 or more.
What is the starting pay for insurance underwriters in Sioux Falls, SD-MN?
Entry-level pay (the 10th percentile) is about $60,430 a year, and a quarter of insurance underwriters earn $61,150 or less.
How many insurance underwriters work in Sioux Falls, SD-MN?
About 150 insurance underwriters are employed in the Sioux Falls, SD-MN metro area, not counting the self-employed.