Average Insurance Underwriters Salary in Austin-Round Rock-San Marcos, TX
Insurance Underwriters in the Austin-Round Rock-San Marcos, TX metropolitan area earn an average annual salary of $88,670. This figure is slightly below the national average of $90,920, suggesting that while the demand is present, local market dynamics and potentially a slightly different industry mix contribute to this compensation. The cost of living in Austin-Round Rock-San Marcos aligns perfectly with the national average, making the nominal salary's purchasing power comparable.
Executive Summary
- Average Salary: $88,670 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,450.
- Outlook: The Austin-Round Rock-San Marcos area supports a local workforce of 630 Insurance Underwriters. With a Location Quotient of 0.71, the concentration of these roles is slightly below the national average, indicating a moderately developed but not oversaturated market. The presence of nearly half a job per thousand workers suggests a steady, albeit not explosive, demand for skilled underwriting professionals in the region.
Salary Overview
The average Insurance Underwriters in Austin-Round Rock-San Marcos, TX earns-2.5%below the national average.
$42.6
$1,705
$7,389
Insurance Underwriters Salary Trends (2020-2024)
While specific historical data for Austin-Round Rock-San Marcos is not provided, it is reasonable to assume that salaries for Insurance Underwriters in this dynamic Texas region have seen consistent growth over the past four years. Factors such as inflation, increasing demand for insurance products, and the general economic expansion of the Austin area likely contribute to upward pressure on compensation for experienced professionals.
Insurance Underwriters Salary Distribution in Austin-Round Rock-San Marcos, TX
The career trajectory for Insurance Underwriters in Austin-Round Rock-San Marcos typically involves significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while senior underwriters with specialized knowledge and a proven track record can command salaries well into the upper percentiles. These percentile gaps highlight the substantial career progression and earning potential available as professionals advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,340 | $24.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,503 | $32 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,360 | $38.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,838 | $53.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,450 | $65.1 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$88,670
Gross Pay
Real Wage (Purchasing Power)
$88,670
Adjusted for COL (100)
An average annual salary of $88,670 in Austin-Round Rock-San Marcos, TX, is directly comparable to the national average in terms of purchasing power, as the local Cost of Living Index is precisely 100. This means that the nominal salary translates effectively into real income, allowing residents to maintain a standard of living equivalent to the national average without financial strain.
Job Market Context
630
Total Jobs
0.498
Per 1K Jobs
0.71
Location Quotient
Austin-Round Rock-San Marcos, TX has 0.71x the national average concentration of Insurance Underwriters jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.71 for Insurance Underwriters in Austin-Round Rock-San Marcos indicates that the industry is less concentrated here compared to the national average. This suggests that while there is a solid base of employment, the market is not saturated, potentially offering good opportunities for skilled professionals to enter or advance their careers without facing intense competition from a disproportionately large number of peers.
Nearby Job Markets
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Austin-Round Rock-San Marcos, TX?
The median annual salary for a Insurance Underwriters in Austin-Round Rock-San Marcos, TX is $88,670. This typically ranges from $51,340 for entry-level positions to $135,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Austin-Round Rock-San Marcos, TX is 2.5% lower than the national median of $90,920.
Is Austin-Round Rock-San Marcos, TX a lucrative place for Insurance Underwriterss?
Yes, it offers competitive earnings relative to the cost of living.The average salary of $88,670 aligns with the national average cost of living, providing strong purchasing power. While slightly below the national salary average, the stable job market and cost of living balance make it an attractive location.
Is Austin-Round Rock-San Marcos, TX a good place to live for Insurance Underwriters?
The Cost of Living Index in Austin-Round Rock-San Marcos, TX is 100. While higher than average, this often correlates with higher wages.
How does the Austin Insurance Underwriter salary compare to the national average?
The average annual salary for Insurance Underwriters in Austin-Round Rock-San Marcos, TX is $88,670, which is slightly lower than the national average of $90,920.
What is the cost of living in Austin-Round Rock-San Marcos, TX for Insurance Underwriters?
The cost of living in Austin-Round Rock-San Marcos, TX is exactly at the national average, indicated by a Cost of Living Index of 100.
How concentrated is the Insurance Underwriter job market in Austin?
The job market for Insurance Underwriters in Austin-Round Rock-San Marcos, TX is less concentrated than the national average, with a Location Quotient of 0.71.
What does the total local workforce number mean for Insurance Underwriters in Austin?
A total local workforce of 630 Insurance Underwriters indicates a substantial presence of the profession within the Austin-Round Rock-San Marcos area, suggesting a stable demand for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Austin-Round Rock-San Marcos, TX area with a job density of 0.498 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 Underwriters • Data source: BLS OEWS 2024 •Jobs in Austin-Round Rock-San Marcos, TX