Average Insurance Appraisers, Auto Damage Salary in Maryland
Yes, Maryland is a highly lucrative market for Insurance Appraisers, Auto Damages. With an average annual salary of $92,850, professionals here earn significantly more than the national norm. Notably, Maryland is a key hub for this profession, with a job concentration 1.32x higher than average.
Executive Summary
- Average Salary: $92,850 per year.
- Growth Trend: Salaries have shifted 36.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $144,320.
- Outlook: The current demand for Insurance Appraisers, Auto Damages is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader Maryland economy.
Salary Overview
The average Insurance Appraisers, Auto Damage in Maryland earns+20.5%above the national average.
$44.6
$1,786
$7,738
Insurance Appraisers, Auto Damage Salary Trends (2020-2024)
Over the past 4 years, Insurance Appraisers, Auto Damage salaries in Maryland have experienced a rapid surge, growing by 36.2%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Appraisers, Auto Damage Salary Distribution in Maryland
The earning potential for Insurance Appraisers, Auto Damages in Maryland varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $73,220, while highly experienced professionals can command wages upwards of $144,320.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,220 | $35.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,638 | $33.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,700 | $42.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,063 | $55.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $144,320 | $69.4 |
Detailed Insurance Appraisers, Auto Damage Market Analysis
Relocation Context
Nominal Salary
$92,850
Gross Pay
Real Wage (Purchasing Power)
$74,221
Adjusted for COL (125.1)
While the average salary of $92,850 in Maryland is 21% higher than the national average, you should be aware of the cost of living. With a Cost of Living Index of 125.1, your real purchasing power is actually lower, effectively feeling like $74,221.
Job Market Context
180
Total Jobs
0.067
Per 1K Jobs
1.32
Location Quotient
With a location quotient of 1.32, Maryland has a slightly higher-than-average concentration of Insurance Appraisers, Auto Damage roles compared to the national norm.
180 people work as Insurance Appraisers, Auto Damage in Maryland.
Only 0.067 out of every 1,000 local jobs are Insurance Appraisers, Auto Damage roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Insurance Appraisers, Auto Damage
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Insurance Appraisers, Auto Damage Salary | $92,220↓ 1% | 17 mi |
Comparing salaries near Maryland
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Frequently Asked Questions
How much does a Insurance Appraisers, Auto Damage make in Maryland?
The median annual salary for a Insurance Appraisers, Auto Damage in Maryland is $92,850. This typically ranges from $73,220 for entry-level positions to $144,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maryland is 20.5% higher than the national median of $77,050.
Is Maryland a good place for Insurance Appraisers, Auto Damages?
Yes, Maryland is an excellent location for Insurance Appraisers, Auto Damages. It offers both higher-than-average salaries ($92,850) and a high concentration of job opportunities. See distinct detailed breakdown below.
Is Maryland a good place to live for Insurance Appraisers, Auto Damages?
The Cost of Living Index in Maryland is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maryland?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($92,220) and others.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 180 employees in the Maryland area with a job density of 0.067 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Insurance Appraisers, Auto Damage • Data source: BLS OEWS 2024 •Jobs in Maryland