Insurance Underwriter salary in Waco, TX
Insurance Underwriters in the Waco, TX metro area earn a median of $61,560 a year ($29.60 an hour), based on BLS data for 160 workers.
Pay ranges from $46,840 for the lowest-paid 10% to $99,350 for the top 10%. That is 24% lower than the national median of $81,370. Pay here is 22% lower than the Texas statewide median of $78,890. There are 1.2 insurance underwriters per 1,000 jobs here — the job is 1.8× more common than nationally. The average (mean) salary is $67,280, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Waco, TX
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $46,840 | $22.52 |
| 25th percentile | $46,840 | $22.52 |
| Median | $61,560 | $29.60 |
| 75th percentile | $78,890 | $37.93 |
| 90th percentile (top earners) | $99,350 | $47.77 |
| Average (mean) | $67,280 | $32.34 |
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 | $5,130 |
| Semi-monthly (24 a year) | $2,565 |
| Biweekly (26 a year) | $2,367.69 |
| Weekly | $1,183.85 |
| Hourly | $29.60 |
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 |
|---|---|---|
| Dallas-Fort Worth-Arlington, TX | $79,590 | 4,140 |
| Houston-Pasadena-The Woodlands, TX | $77,770 | 1,520 |
| Austin-Round Rock-San Marcos, TX | $75,910 | 870 |
| San Antonio-New Braunfels, TX | $75,750 | 1,070 |
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 Texas statewide figures.
Related jobs in Waco, TX
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,140 | $36.61 |
| Financial and Investment Analysts | $81,350 | $39.11 |
| Loan Officer | $68,210 | $32.79 |
| Financial Specialists, All Other | $65,170 | $31.33 |
| Budget Analyst | $60,840 | $29.25 |
| Financial Examiner | $61,070 | $29.36 |
| Tax Preparer | $65,020 | $31.26 |
| Project Management Specialist | $78,580 | $37.78 |
| Business Operations Specialists, All Other | $79,440 | $38.19 |
| Human Resources Specialist | $63,320 | $30.44 |
| Buyers and Purchasing Agents | $74,920 | $36.02 |
| Training and Development Specialists | $64,040 | $30.79 |
| Compliance Officer | $58,360 | $28.06 |
| Market Research Analysts and Marketing Specialists | $56,310 | $27.07 |
More: Business and Financial Operations Occupations · all salaries in Waco, TX
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 Waco, TX?
The median salary for insurance underwriters in the Waco, TX metro area is $61,560 a year, or $29.60 an hour. Pay ranges from $46,840 for the lowest-paid 10% to $99,350 for the top 10%.
How much do the highest-paid insurance underwriters make in Waco, TX?
The top 10% of insurance underwriters in the Waco, TX metro area earn at least $99,350 a year. The top 25% earn $78,890 or more.
What is the starting pay for insurance underwriters in Waco, TX?
Entry-level pay (the 10th percentile) is about $46,840 a year, and a quarter of insurance underwriters earn $46,840 or less.
How many insurance underwriters work in Waco, TX?
About 160 insurance underwriters are employed in the Waco, TX metro area, not counting the self-employed.