Underwriter Salary in Gary, Indiana

How much does an Underwriter make in Gary, IN?

As of March 01, 2025, the average annual salary for an Underwriter in Gary, IN is $97,846. According to Salary.com, salaries can range from a low of $77,308 to a high of $125,860, with most professionals earning between $87,096 and $112,510.

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Salary range for an Underwriter

$87,096 to $112,510

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Underwriter

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Job Openings for Underwriter in Gary, IN

What does an Underwriter do?

Common responsibilities of an Underwriter

Evaluates new business submissions, renewals, and policy change requests for their book of business resulting in underwriting decisions within their authority or recommendations for decisions exceeding their authority.

November 24, 2022

Assists the Quality Control Department and the Post-Closing Department in obtaining missing documentation needed in order to render a loan saleable in the secondary market.

December 31, 2022

Provides primary communication and direction for all processing requirements including policy issuance instruction, endorsement requests, billing requirements and audit review.

February 11, 2023

Demonstrates continual learning by attending industry seminars, webinars and other training programs.

February 22, 2023

Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.

March 12, 2023

Works closely with Account Managers, Lending Officers & Management to answer specific loan questions or verify condition and documentation request.

April 05, 2023

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Underwriter Salary By Experience Levels in Gary, IN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Underwriter Salary By Level of Education in Gary, IN

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LEVEL OF EDUCATION

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Average Salary Range for Underwriter in Gary, IN

Average Base Salary

Core compensation

87096

112510

97846

Average Total Cash Compensation

Includes base and annual incentives

91794

122971

104569

What is the average salary for Underwriter in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter in Gary, IN. The base salary for Underwriter ranges from $87,096 to $112,510 with the average base salary of $97,846. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $91,794 to $122,971 with the average total cash compensation of $104,569.

View Average Salary for Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$97,846	$87,096 - $112,510
Bonus	$6,723	$4,698 - $10,461
Total Pay	$104,569	$91,794 - $122,971

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Underwriter Salary Near Gary, IN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Gary, IN
CITY, STATE Hammond, IN	AVERAGE SALARY RANGE $87,143 - $112,571	COMPARE TO Gary, IN
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $91,865 - $118,670	COMPARE TO Gary, IN
CITY, STATE Tinley Park, IL	AVERAGE SALARY RANGE $89,131 - $115,138	COMPARE TO Gary, IN
CITY, STATE Chicago, IL	AVERAGE SALARY RANGE $91,969 - $118,805	COMPARE TO Gary, IN
CITY, STATE Orland Park, IL	AVERAGE SALARY RANGE $89,326 - $115,391	COMPARE TO Gary, IN
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $91,969 - $118,805	COMPARE TO Gary, IN

See salaries for Underwriter in locations close to Gary, IN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Gary, Indiana

Gary is a city in Lake County, Indiana, United States, 25 miles (40 km) from downtown Chicago, Illinois. Gary is adjacent to the Indiana Dunes National Park and borders southern Lake Michigan. Gary was named after lawyer Elbert Henry Gary, who was the founding chairman of the United States Steel Corporation. The city is known for its large steel mills, and as the birthplace of the Jackson 5 music group. The population of Gary was 80,294 at the 2010 census, making it the ninth-largest city in the state of Indiana. It was a prosperous city from the 1920s through the mid-1960s due to its booming ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Underwriter in Gary, IN

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriter I	LOCATION Gary, IN	MINIMUM SALARY $55,935	MAXIMUM SALARY $71,075
JOB TITLE Underwriter II	LOCATION Gary, IN	MINIMUM SALARY $66,908	MAXIMUM SALARY $86,246
JOB TITLE Underwriter III	LOCATION Gary, IN	MINIMUM SALARY $86,144	MAXIMUM SALARY $111,216
JOB TITLE Underwriter IV	LOCATION Gary, IN	MINIMUM SALARY $99,851	MAXIMUM SALARY $133,818
JOB TITLE Underwriter V	LOCATION Gary, IN	MINIMUM SALARY $126,894	MAXIMUM SALARY $176,613
JOB TITLE Health Underwriter	LOCATION Gary, IN	MINIMUM SALARY $61,427	MAXIMUM SALARY $74,366

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