Insurance Underwriter Salary
in Richmond, VA
Evaluate insurance applications and determine coverage terms and premiums. Median salary in Richmond: $80K/year. Data from BLS, O*NET, and H-1B disclosures.
Salary range in Richmond
Source: BLS OES 2026, H-1B DOL Disclosures Q1 2026. Figures represent annual base salary in Richmond, Virginia.
Key facts for Richmond
Salary forecast: Richmond 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 $80K by 2030.
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Insurance Underwriter Salary in Richmond, Virginia: Complete Guide (2026)
The median Insurance Underwriter salary in Richmond, VA is $80,000 per year as of Q1 2025. This figure represents the midpoint of all reported compensation for this role in the Richmond–VA 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 Richmond
Entry-level Insurance Underwriters in Richmond with 0–2 years of experience typically earn between $59,000 and $80,000 annually. Mid-career professionals with 3–7 years command $80,000 to $104,000, while senior-level practitioners with 8+ years of experience regularly earn $104,000 to $135,000 or more.
Cost of living in Richmond for Insurance Underwriters
Richmond has a cost of living index of 98 compared to the US national average of 100. This means your salary goes approximately 2% further in Richmond than the national average. Virginia has a 5.75% 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.