SOC 13-2053 · May 2025 · BLS OEWS
Insurance Underwriters — Baltimore
Baltimore-Columbia-Towson, MD · 1 metro areas compared
Median pay for this occupation in Baltimore, MD comes to $93,510 a year, ahead of the national median of $81,370 by 14.9%.
Wage distribution · annual
Shaded band holds the middle 50% of earners
How pay has moved
The next ten years
Projected to decline
- Change in jobs, 2024 to 2034
- -2.6%
- Openings per year
- 8,200
- Typical entry-level education
- Bachelor's degree
- On-the-job training
- Moderate-term on-the-job training
Includes jobs opened by workers leaving the occupation, not only new positions.
Projections are published nationally only. This is the outlook for the occupation across the United States, not a measurement for Baltimore-Columbia-Towson, MD.
Projections are based on 2024 employment and run to 2034. The wages above are from the May 2025 survey, a separate BLS programme on a different release cycle, so the two are not two views of one dataset.
Salary overview
Median pay for this occupation in Baltimore, MD comes to $93,510 a year, ahead of the national median of $81,370 by 14.9%. Pay ranges from under $57,360 at the tenth percentile to more than $152,700 at the ninetieth, with the interquartile range running from $68,930 to $116,360.
Employment stands at 770, or 0.6 jobs per thousand held locally. Within the state, Hagerstown records the highest median at $80,770. Of the 646 occupations with published wages in this area, it sits 162nd.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $57,360 | −29.5% |
| 25th | $68,930 | −15.3% |
| Median (50th) | $93,510 | +14.9% |
| 75th | $116,360 | +43.0% |
| 90th | $152,700 | +87.7% |
| Mean | $96,940 | +19.1% |
Other metro areas in Maryland
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Hagerstown | $80,770 | 50 |
What the pay is worth locally
Prices in Baltimore run 4.5% above the national average, so the median of $93,510 buys what $89,483 would elsewhere in the country. Measured that way the gap against the national median narrows to 10.0% above the national median in real terms.
Published median
$93,510as reported by BLSLocal price level
104.5US average = 100 · BEA 2024Adjusted for local prices
$89,483US average = 100 · BEA 2024Why the state that pays most is usually not where pay goes furthest
Key takeaways
- Median pay is $93,510 a year, 14.9% above the national median.
- Published pay spans $57,360 to $152,700 between the tenth and ninetieth percentiles.
- The area has 770 jobs in this occupation.
- The highest-paying metro area covered is Hagerstown, at $80,770.
Frequently asked questions
What is the median wage for Insurance Underwriters in Baltimore, MD?
The median annual wage is $93,510, or $44.96 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $81,370, so pay in Baltimore, MD is 14.9% higher. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Baltimore, MD earns more than $152,700 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $57,360 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Hagerstown, at $80,770 per year.
How many jobs are there in this occupation here?
The survey estimates 770 jobs in this occupation in Baltimore, MD. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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