Evaluate insurance applications and determine coverage terms and premiums. Median salary in Providence: $92K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Providence, Rhode Island. 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 Providence earn approximately 18% higher than the US national median for this role — a $14,000 premium on annual base salary. This reflects Providence's position as a higher-cost labor market where employers must match local wage norms.
Average 1-bedroom rent in Providence ($1,550/mo) consumes approximately 31% 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 ($120K) brings that ratio into a more comfortable range here.
Insurance Underwriter wages are growing at 2% year-over-year — slower than the BLS all-occupations average of ~3.5%. Real wages may lag inflation in years where CPI exceeds this rate, so total compensation negotiation (bonus, equity, benefits) matters more than base salary growth for this role.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $92K by 2030.
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The median Insurance Underwriter salary in Providence, RI is $92,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Providence–RI 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 Providence with 0–2 years of experience typically earn between $68,000 and $92,000 annually. Mid-career professionals with 3–7 years command $92,000 to $120,000, while senior-level practitioners with 8+ years of experience regularly earn $120,000 to $156,000 or more.
Providence has a cost of living index of 118 compared to the US national average of 100. Providence's cost of living is above the US average, so the salary figures above reflect local market rates. Rhode Island has a 5.99% state income tax rate.
Bachelor's in Finance or Business; CPCU designation. 50% of these roles offer some remote flexibility.