Evaluate insurance applications and determine coverage terms and premiums. Median salary in Lakewood: $85K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Lakewood, Colorado. Reviewed by SalaryOptics Editorial · How we calculate this →
Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.
Insurance Underwriters in Lakewood earn approximately 9% higher than the US national median for this role — a $7,000 premium on annual base salary. This reflects Lakewood's position as a higher-cost labor market where employers must match local wage norms.
Adjusted for Lakewood's cost-of-living index (115), the median Insurance Underwriter salary buys the equivalent of $73,913 in a US-average-cost city. That's $4,087 less purchasing power than the national median — the higher nominal salary doesn't fully offset local costs.
Average 1-bedroom rent in Lakewood ($1,700/mo) consumes approximately 36% of an after-tax median Insurance Underwriter salary. Financial planners typically recommend keeping housing under 30% of take-home — a salary at the 75th percentile ($114K) brings that ratio into a more comfortable range here.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $85K by 2030.
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The median Insurance Underwriter salary in Lakewood, CO is $85,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Lakewood–CO 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.
Entry-level Insurance Underwriters in Lakewood with 0–2 years of experience typically earn between $63,000 and $85,000 annually. Mid-career professionals with 3–7 years command $85,000 to $114,000, while senior-level practitioners with 8+ years of experience regularly earn $114,000 to $150,000 or more.
Lakewood has a cost of living index of 115 compared to the US national average of 100. Lakewood's cost of living is above the US average, so the salary figures above reflect local market rates. Colorado has a 4.55% state income tax rate.
Bachelor's in Finance or Business; CPCU designation valued. This role is 55% remote-eligible nationally, which can significantly expand the job market for Lakewood-based professionals.