Insurance Underwriter Salary in Lynn, MA: 2026

Insurance Underwriter salary data for Lynn, MA, adjusted for local cost of living. Entry-level to senior pay ranges, take-home pay calculator, and local job market insights.

The estimated median Insurance Underwriter salary in Lynn, MA is $96,423 per year ($8,035/month, $46/hr). This modeled estimate scales Salario's national benchmark (calibrated to the BLS OEWS May 2025 national median) by the local cost of living index of 118.5, which is 19% above the national average.

All four figures are Salario estimates (national benchmark scaled by Lynn's cost-of-living index); BLS does not publish a metro median for this title here.

Insurance Underwriter Take-Home Pay in Lynn

Insurance Underwriter Requirements

Lynn Job Market Overview

Lynn, Massachusetts has a population of 99,989 and an unemployment rate of 3.2%. The top industries are Biotech, Education, Finance. The local job growth rate is 0.5%, and the average commute time is 19minutes. These local figures come from Salario's city dataset; verify current values with BLS Local Area Unemployment Statistics and Census QuickFacts.

Salary Percentile Breakdown: Insurance Underwriter in Lynn

Based on Salario's cost-of-living-adjusted salary tiers for Insurance Underwriter in Lynn, MA, here is an estimated percentile breakdown:

Percentiles are approximations, not measured local percentiles: P10, P50, P75, and P90 map to Salario's entry, median, senior, and top salary tiers scaled by the local cost-of-living index, and P25 is interpolated halfway between entry and median. Top earners (P90) typically include managers, specialists with rare skills, or those at high-paying employers in Lynn's Biotech sector.

5-Year Salary Trajectory

Salario's national dataset models approximately 13.0% salary growth for Insurance Underwriters over the past 5 years. That national assumption is applied to the Lynn estimate below; it is not a measured local trend, and it should be compared with cumulative CPI inflation before treating it as a real-terms gain:

Year-over-year, an average Insurance Underwriter can expect a 12.6% annual increase moving from entry to senior level over 6 years in Lynn. Negotiation, certifications (CPCU, ARM), and changing employers strategically can accelerate this trajectory.

Lynn vs National Average

The national median Insurance Underwriter salary is $81,370 (BLS OEWS May 2025, Insurance Underwriters). In Lynn, the cost-of-living-adjusted median of $96,423 is 18.5% above the national figure. This reflects Lynn's cost of living index of 118.5 (higher than the national average of 100).

For Insurance Underwriters, this means: rent typically consumes 29.9% of take-home pay (households spending >30% are considered affordable), and a median home in Lynn costs about 6.1× annual take-home. Homeownership in Lynn on this salary is challenging, most experts recommend keeping home costs to 3-4× income.

Industry Context: Biotech in Lynn

Lynn's economy is anchored by Biotech, Education, Finance, with 99,989 residents and an unemployment rate of 3.2% in Salario's city dataset. Pay for Insurance Underwriters can differ by sector, so compare Biotech employers with other local employers. The local job growth rate in Salario's city dataset is 0.5%, and Salario's job dataset lists a 2.0% growth outlook for Insurance Underwriter roles; check the BLS Occupational Outlook Handbook for the official 2024-2034 projection for the closest matching occupation.

Methodology & Data Sources

Last reviewed: 2026. Salario's salary dataset is refreshed periodically, not automatically; check the linked BLS releases for the latest official data. Insurance Underwriter salaries can vary significantly based on employer, sector (Biotech vs others in Lynn), specific skill set (Risk Assessment, Policy Analysis, Actuarial Tables), and individual negotiation. Always verify current compensation through multiple sources before making career decisions.

Frequently Asked Questions