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Average Claims Adjusters, Examiners, and Investigators Salary in Fargo, ND-MN

In Fargo, ND-MN, Claims Adjusters, Examiners, and Investigators earn an average annual salary of $64,730. This figure is notably below the national average of $76,760, suggesting that local market dynamics and potentially regional economic factors influence compensation for this role. While the national trend may indicate higher earning potential, Fargo's specific economic landscape shapes the remuneration for these essential positions.

Executive Summary

  • Average Salary: $64,730 per year.
  • Growth Trend: Salaries have shifted 16.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $94,590.
  • Outlook: The Fargo, ND-MN area supports a local workforce of 380 Claims Adjusters, Examiners, and Investigators. With a Location Quotient of 1.29, this indicates a slightly higher concentration of these professionals compared to the national average. This suggests a stable, albeit not rapidly expanding, demand for these roles within the region, reflecting a healthy job market that can accommodate both new entrants and experienced professionals.
2024 Market Data

Salary Overview

$64,730

The average Claims Adjusters, Examiners, and Investigators in Fargo, ND-MN earns-15.7%below the national average.

BreakdownBased on 40h/week
Hourly

$31.1

Weekly

$1,245

Monthly

$5,394

Claims Adjusters, Examiners, and Investigators Salary Distribution in Fargo, ND-MN

Career progression for Claims Adjusters, Examiners, and Investigators typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries well above the average. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential throughout one's career.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,220$19.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$48,548$23.3
ManagerOversees team, compliance, and project delivery.50% (Median)$58,450$28.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$80,913$38.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$94,590$45.5

Detailed Claims Adjusters, Examiners, and Investigators Market Analysis

Relocation Context

Nominal Salary

$64,730

Gross Pay

Real Wage (Purchasing Power)

$64,730

Adjusted for COL (100)

The average annual salary of $64,730 in Fargo, ND-MN aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal income earned by Claims Adjusters, Examiners, and Investigators in Fargo holds purchasing power equivalent to the national average. Consequently, the salary offers a standard of living comparable to that experienced by their counterparts across the United States, without the potential financial strain of a higher cost of living.

Job Market Context

380

Total Jobs

2.556

Per 1K Jobs

1.29

Location Quotient

Above Average

With a location quotient of 1.29, Fargo, ND-MN has a slightly higher-than-average concentration of Claims Adjusters, Examiners, and Investigators roles compared to the national norm.

The Location Quotient of 1.29 for Claims Adjusters, Examiners, and Investigators in Fargo, ND-MN signifies a job market with a slightly higher concentration of these professionals than the national average. This suggests a moderately competitive environment where employers may have a decent pool of talent to draw from, but also indicates a sustained demand for these specialized roles within the region's economy.

Nearby Job Markets

Hiring Claims Adjusters, Examiners, and Investigatorss?

Frequently Asked Questions

How much does a Claims Adjusters, Examiners, and Investigators make in Fargo, ND-MN?

The median annual salary for a Claims Adjusters, Examiners, and Investigators in Fargo, ND-MN is $64,730. This typically ranges from $40,220 for entry-level positions to $94,590 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fargo, ND-MN is 15.7% lower than the national median of $76,760.

Is Fargo, ND-MN a lucrative place for Claims Adjusters, Examiners, and Investigatorss?

No, not more lucrative than the national average.While the cost of living is average, the nominal salary of $64,730 is significantly lower than the national average of $76,760. This indicates that Fargo is not a particularly lucrative location for this profession when compared to national benchmarks.

Is Fargo, ND-MN a good place to live for Claims Adjusters, Examiners, and Investigators?

The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.

How does the Fargo salary compare to the national average?

The average salary for Claims Adjusters, Examiners, and Investigators in Fargo, ND-MN is $64,730, which is below the national average of $76,760.

What is the cost of living in Fargo, ND-MN for this profession?

The Cost of Living Index in Fargo, ND-MN is 100, which is exactly the national average, meaning your salary has average purchasing power.

Is there high demand for Claims Adjusters in Fargo?

With a Location Quotient of 1.29, there is a slightly higher concentration of these jobs in Fargo compared to the national average, suggesting a stable demand.

How many Claims Adjusters work in Fargo?

The total local workforce for Claims Adjusters, Examiners, and Investigators in Fargo, ND-MN is approximately 380 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Fargo, ND-MN area with a job density of 2.556 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Claims Adjusters, Examiners, and Investigators • Data source: BLS OEWS 2024 •Jobs in Fargo, ND-MN