Average Claims Adjusters, Examiners, and Investigators Salary in Akron, OH
In Akron, OH, Claims Adjusters, Examiners, and Investigators earn an average annual salary of $66,470. This figure is notably below the national average of $76,760, suggesting that local market dynamics and potentially a different cost of labor influence compensation in this Ohio city. While the nominal salary is lower, understanding the full financial picture requires considering the local economic environment.
Executive Summary
- Average Salary: $66,470 per year.
- Growth Trend: Salaries have shifted 3.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $97,880.
- Outlook: Akron, OH supports a local workforce of 1,450 Claims Adjusters, Examiners, and Investigators. The concentration of these roles, indicated by a Location Quotient of 2.29, signifies a significantly higher presence than the national average. This robust concentration suggests a healthy demand and a well-established professional community for these positions within the region.
Salary Overview
The average Claims Adjusters, Examiners, and Investigators in Akron, OH earns-13.4%below the national average.
$32
$1,278
$5,539
Claims Adjusters, Examiners, and Investigators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Claims Adjusters, Examiners, and Investigators in Akron, OH have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This anticipated upward trajectory in compensation reflects the ongoing demand for skilled professionals in the insurance and claims sector.
Claims Adjusters, Examiners, and Investigators Salary Distribution in Akron, OH
Career progression for Claims Adjusters, Examiners, and Investigators typically involves a salary increase with experience. Entry-level positions will naturally command lower salaries, while senior adjusters with extensive experience and specialized knowledge can expect to earn considerably more. The percentile gaps in salary distribution highlight the significant earning potential as professionals advance through their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,150 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,853 | $24 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,280 | $29 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $83,088 | $39.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $97,880 | $47.1 |
Detailed Claims Adjusters, Examiners, and Investigators Market Analysis
Relocation Context
Nominal Salary
$66,470
Gross Pay
Real Wage (Purchasing Power)
$66,470
Adjusted for COL (100)
The average annual salary of $66,470 in Akron, OH aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Claims Adjuster's salary in Akron is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living does not diminish its real value relative to the rest of the country.
Job Market Context
1,450
Total Jobs
4.522
Per 1K Jobs
2.29
Location Quotient
Akron, OH has 2.3x the national concentration of Claims Adjusters, Examiners, and Investigators jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.29, Akron, OH demonstrates a strong concentration of Claims Adjusters, Examiners, and Investigators relative to the national average. This indicates that the job market in Akron is more specialized and potentially more competitive for these roles compared to other regions. The abundance of these positions suggests a significant industry presence and a good opportunity for those seeking employment in this field.
Nearby Job Markets
Nearby Cities for Claims Adjusters, Examiners, and Investigators
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Claims Adjusters, Examiners, and Investigators Salary | $63,690↓ 4% | 20 mi |
| Cleveland, OH Claims Adjusters, Examiners, and Investigators Salary | $66,050↓ 1% | 29 mi |
| Youngstown-Warren, OH Claims Adjusters, Examiners, and Investigators Salary | $68,940↑ 4% | 46 mi |
| Mansfield, OH Claims Adjusters, Examiners, and Investigators Salary | $86,940↑ 31% | 57 mi |
Comparing salaries near Akron, OH
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Frequently Asked Questions
How much does a Claims Adjusters, Examiners, and Investigators make in Akron, OH?
The median annual salary for a Claims Adjusters, Examiners, and Investigators in Akron, OH is $66,470. This typically ranges from $36,150 for entry-level positions to $97,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 13.4% lower than the national median of $76,760.
Is Akron, OH a lucrative place for Claims Adjusters, Examiners, and Investigatorss?
No, but it offers good value.While the average salary of $66,470 is below the national average, Akron's cost of living is also at the national average. This means your salary holds its purchasing power, making it a stable, though not exceptionally high-paying, location.
Is Akron, OH a good place to live for Claims Adjusters, Examiners, and Investigators?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($63,690) and Cleveland, OH.
How does Akron's salary compare to the national average for Claims Adjusters?
The average salary for Claims Adjusters, Examiners, and Investigators in Akron, OH is $66,470, which is lower than the national average of $76,760.
What does the Location Quotient of 2.29 mean for Akron?
A Location Quotient of 2.29 indicates that Claims Adjusters, Examiners, and Investigators are more concentrated in Akron than the national average, suggesting a strong local industry presence.
Is the cost of living in Akron high?
No, Akron's cost of living index is 100, which is exactly the national average, meaning it is neither particularly high nor low.
How many Claims Adjusters are there in Akron?
Akron, OH has a local workforce of approximately 1,450 Claims Adjusters, Examiners, and Investigators.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,450 employees in the Akron, OH area with a job density of 4.522 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Claims Adjusters, Examiners, and Investigators • Data source: BLS OEWS 2024 •Jobs in Akron, OH