Insurance Underwriters in Minnesota
May 2025 wages · tax year 2026
You keep
$61,638
after federal, FICA and Minnesota tax
Tax takes
$19,062
23.6% of the whole
Worth, in national money
$62,630
Minnesota costs less than average
On that salary you would be around the 25th percentile for this work in Minnesota — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$80,700
Kept after tax
$61,638
Worth in national money
$62,630
State rank
21
of 49 states
What this pays, and what it is worth
- Minnesota sits in the middle of the pack for insurance underwriters. The median is $80,700, ranking 21 of 49 states with figures. Close enough to the national middle that where you live matters more than the headline suggests.
- Ordinary, locally speaking. Insurance underwriters ranks 144 among 490 occupations Minnesota publishes pay for.
- Cost of living is unremarkable here. From $80,700, tax leaves $61,638, and adjusting for local prices barely moves it — about $62,630 in comparable terms. Averages run higher here, $95,750, since top earners drag the number up.
- Minnesota occupies the middle band for insurance underwriters: a median of $80,700, ranking 21 of 49. Where nominal pay is close to the national figure, the tax and price adjustments below carry proportionally more weight in determining the real outcome.
- Position 144 of 490 in Minnesota places insurance underwriters in the middle of the state's wage distribution. Because within-state and cross-state rankings measure different things, this figure and the national one above should be read together rather than as a single verdict.
- Because Minnesota sits close to the national price level, the real-terms figure for insurance underwriters — median $80,700 — tracks the post-tax figure closely: $61,638 retained, $62,630 adjusted. ⚠️ Neither is a wage; the second describes what the first buys. Mean pay of $95,750 exceeds the median, so the upper tail is doing the work.
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Pay band: Insurance Underwriters
The state median for this job
| Lowest tenth earn under | $60,350 |
|---|---|
| Half earn under | $80,700 |
| Top tenth earn over | $138,710 |
| This salary | $80,700 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Minnesota | $61,638 |
|---|---|
| Take-home in Texas | $65,602 |
| Once local prices are leveledBEA price parity | +$4,880 |
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $75,065 |
|---|---|
| You could take a cut of | −$6,741 |
| Prices in Texas | 97 vs 98 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in Minnesota earn less than $80,700. The published range is $60,350 up to $138,710, so an individual figure can sit a long way from the middle in either direction.
- One filer, no dependants, no pension contributions — that is the household behind Minnesota's $61,638, worked from $80,700. That is on purpose. It lets states be compared with each other, not with each other's family circumstances. Local city taxes are left out. Locally this work ranks 144 of 490.
- One number stands for prices across all of Minnesota, which is a simplification — big cities cost far more than small towns. Read $62,630, the adjusted value of that $80,700 median, as a way to compare states fairly, not as a quote for any particular place. The two datasets are also from different years. This job sits at 144 of 490 in the state.
- Reported values are medians; for insurance underwriters in Minnesota the tenth-to-ninetieth percentile band is $60,350 to $138,710. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- The Minnesota take-home of $61,638, on $80,700 for work ranking 144 of 490 locally, models the simplest household deliberately: holding it constant is what makes the interstate comparison meaningful. It also means the absolute figure overstates liability for most real filers, and municipal income taxes are outside the model entirely. The occupation ranks 144 of 490 in the state.
- Price deflation uses one statewide parity for Minnesota, so $62,630 — the adjusted value of that $80,700 median — establishes comparability between states rather than accuracy within one. The wage and parity series are dated independently, each following its own publication cycle, and neither is projected forward. This occupation sits at 144 of 490 locally.
Questions people ask
Is this the average pay for the job?
No — it is the middle. Half of these workers earn more and half earn less. The average is $95,750, pulled upward by the top of the range, which is why the middle is the fairer number to plan against.
Why is the pay range for this job so wide?
The label is broader than the work. From $60,350 at the bottom tenth to $138,710 at the top, the same title covers roles that share little beyond a name.
What does this pay actually buy where I live?
A smaller wage in a cheaper place is not automatically less. Adjusted for local prices, this is worth $62,630.
Where does the difference between the wage and my paycheck go?
Three of them are federal and one is not. After income tax, Social Security, Medicare and Minnesota's own levy, $61,638 remains.
Why is this job missing from some states?
A blank is a suppression, not a zero. 49 states have a published figure for this work; the others had too few responses to release one.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Minnesota is $95,750. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($60,350) and the ninetieth ($138,710) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
Minnesota's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $62,630 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $61,638 reflects federal income tax, OASDI, Medicare and Minnesota income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Why does this occupation lack published estimates in every state?
BLS suppresses estimates failing disclosure or reliability criteria. This occupation has published state-level estimates in 49 of the fifty-one jurisdictions. Suppression reflects sample size and confidentiality rules, and cannot be read as an absence of employment.