SalaryNode

Average Insurance Underwriters Salary in Columbus, OH

Insurance Underwriters in Columbus, OH, command an impressive average annual salary of $94,130. This figure slightly surpasses the national average of $90,920, indicating a favorable compensation landscape in the Ohio capital. The local economic conditions and demand for specialized underwriting talent likely contribute to this competitive pay.

Executive Summary

  • Average Salary: $94,130 per year.
  • Growth Trend: Salaries have shifted 4.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $151,210.
  • Outlook: With a total local workforce of 780 Insurance Underwriters, Columbus presents a stable, albeit not overwhelmingly large, employment base. The Location Quotient of 1.03 suggests that the concentration of these professionals in Columbus is slightly above the national average, hinting at a steady demand and a robust job market for this role.
2024 Market Data

Salary Overview

$94,130

The average Insurance Underwriters in Columbus, OH earns+3.5%above the national average.

BreakdownBased on 40h/week
Hourly

$45.3

Weekly

$1,810

Monthly

$7,844

Insurance Underwriters Salary Distribution in Columbus, OH

The career trajectory for Insurance Underwriters in Columbus shows significant earning potential as experience accumulates. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized knowledge can command salaries well into the upper percentiles, reflecting a clear progression and reward for skill development.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$54,920$26.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$70,598$33.9
ManagerOversees team, compliance, and project delivery.50% (Median)$84,490$40.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$117,663$56.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$151,210$72.7

Detailed Insurance Underwriters Market Analysis

Relocation Context

Nominal Salary

$94,130

Gross Pay

Real Wage (Purchasing Power)

$94,130

Adjusted for COL (100)

The average annual salary of $94,130 in Columbus, OH, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Underwriter's salary in Columbus is equivalent to the national standard, offering a stable financial footing without the pressure of higher living expenses.

Job Market Context

780

Total Jobs

0.722

Per 1K Jobs

1.03

Location Quotient

Above Average

With a location quotient of 1.03, Columbus, OH has a slightly higher-than-average concentration of Insurance Underwriters roles compared to the national norm.

A Location Quotient of 1.03 indicates that Insurance Underwriters are slightly more concentrated in Columbus than the national average. This suggests a healthy and competitive job market where employers actively seek skilled underwriters, and professionals have a good number of opportunities available, without being oversaturated.

Nearby Job Markets

Nearby Cities for Insurance Underwriters

CitySalaryDist.
North Northeastern Ohio nonmetropolitan area (noncontiguous) Insurance Underwriters Salary$76,220↓ 19%32 mi
West Northwestern Ohio nonmetropolitan area Insurance Underwriters Salary$90,030↓ 4%32 mi

Comparing salaries near Columbus, OH

Hiring Insurance Underwriterss?

Frequently Asked Questions

How much does a Insurance Underwriters make in Columbus, OH?

The median annual salary for a Insurance Underwriters in Columbus, OH is $94,130. This typically ranges from $54,920 for entry-level positions to $151,210 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Columbus, OH is 3.5% higher than the national median of $90,920.

Is Columbus, OH a lucrative place for Insurance Underwriters?

Yes, Columbus, OH offers a lucrative environment for Insurance Underwriters.The average salary of $94,130 is above the national average, and the cost of living is exactly at the national average, providing strong purchasing power.

Is Columbus, OH a good place to live for Insurance Underwriters?

The Cost of Living Index in Columbus, OH is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Columbus, OH?

Some top paying nearby cities include North Northeastern Ohio nonmetropolitan area (noncontiguous) ($76,220) and West Northwestern Ohio nonmetropolitan area.

How does Columbus compare to the national average salary for Insurance Underwriters?

Insurance Underwriters in Columbus earn an average of $94,130 annually, which is slightly higher than the national average of $90,920.

What is the concentration of Insurance Underwriters in Columbus?

Columbus has a Location Quotient of 1.03 for Insurance Underwriters, meaning the concentration of these professionals is slightly above the national average.

How does the cost of living in Columbus affect the Insurance Underwriter salary?

With a Cost of Living Index of 100, Columbus matches the national average, making the $94,130 salary highly competitive in terms of purchasing power.

What does the job market look like for Insurance Underwriters in Columbus?

The market is robust with 780 professionals and a slightly higher concentration than the national average, indicating steady demand and opportunity.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 780 employees in the Columbus, OH area with a job density of 0.722 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Insurance Underwriters • Data source: BLS OEWS 2024 •Jobs in Columbus, OH