FinanceUpdated Q1 2025

Insurance Underwriter Salary
in Albuquerque, NM

Evaluate insurance applications and determine coverage terms and premiums. Median salary in Albuquerque: $69K/year. Data from BLS, O*NET, and H-1B disclosures.

Median salary
$69K
per year
Take-home: $44K

Salary range in Albuquerque

Entry level (25th)$51,000
Median (50th)$69,000
Senior (75th)$90,000
Top earner (90th)$116,000

Source: BLS OES 2026, H-1B DOL Disclosures Q1 2026. Figures represent annual base salary in Albuquerque, New Mexico.

Key facts for Albuquerque

Median salary
$69K
annual
Take-home pay
$44K
after fed/state tax
COL index
88
100 = US avg
State income tax
5.9%
annual
Avg 1BR rent
$1,150
per month
YoY growth
+2%
salary trend

Salary forecast: Albuquerque Insurance Underwriter to 2030

Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2025. At current growth rates, median salary reaches $69K by 2030.

Salary trend & forecast — Albuquerque

Historical (2019–2025) + projected to 2030 based on BLS growth rates

HistoricalProjected
Insurance Underwriter salary trend 2019–2030PROJECTED →$58K$63K$68K$73K$78K201920212023202520272029
2026
$71K
projected
2027
$72K
projected
2028
$74K
projected
2029
$76K
projected
2030
$78K
projected

Projections based on BLS Employment Projections 2022–2032 CAGR and WEF Jobs Report 2025. Not financial advice.

YearProjected median salaryvs today
2027 projected$69,000+$0
2028 projected$69,000+$0
2029 projected$69,000+$0
2030 projected$69,000+$0

Projections use compound annual growth rate (CAGR) from BLS occupational outlook data. Actual salaries may vary.

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Insurance Underwriter Salary in Albuquerque, New Mexico: Complete Guide (2026)

The median Insurance Underwriter salary in Albuquerque, NM is $69,000 per year as of Q1 2025. This figure represents the midpoint of all reported compensation for this role in the Albuquerque–NM metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.

Salary range for Insurance Underwriter in Albuquerque

Entry-level Insurance Underwriters in Albuquerque with 0–2 years of experience typically earn between $51,000 and $69,000 annually. Mid-career professionals with 3–7 years command $69,000 to $90,000, while senior-level practitioners with 8+ years of experience regularly earn $90,000 to $116,000 or more.

Cost of living in Albuquerque for Insurance Underwriters

Albuquerque has a cost of living index of 88 compared to the US national average of 100. This means your salary goes approximately 12% further in Albuquerque than the national average. New Mexico has a 5.9% state income tax rate.

Education requirements for Insurance Underwriter

Bachelor's in Finance or Business; CPCU designation. 50% of these roles offer some remote flexibility.

Insurance Underwriter salary in nearby cities

CityMedian salaryCOL index
Albuquerque (current)$69K88
Las Cruces80
Rio Rancho85