Average Insurance Underwriters Salary in District of Columbia
Yes, District of Columbia is a highly lucrative market for Insurance Underwriterss. With an average annual salary of $112,270, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $112,270 per year.
- Growth Trend: Salaries have shifted 12.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $184,700.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader District of Columbia economy.
Salary Overview
The average Insurance Underwriters in District of Columbia earns+23.5%above the national average.
$54
$2,159
$9,356
Insurance Underwriters Salary Trends (2020-2024)
Over the past 4 years, Insurance Underwriters salaries in District of Columbia have shown healthy growth of 12.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in District of Columbia
The earning potential for Insurance Underwriterss in District of Columbia varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $69,280, while highly experienced professionals can command wages upwards of $184,700.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $69,280 | $33.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,203 | $40.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,660 | $48.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $140,338 | $67.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $184,700 | $88.8 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$112,270
Gross Pay
Real Wage (Purchasing Power)
$75,501
Adjusted for COL (148.7)
While the average salary of $112,270 in District of Columbia is 23% higher than the national average, you should be aware of the cost of living. With a Cost of Living Index of 148.7, your real purchasing power is actually lower, effectively feeling like $75,501.
Job Market Context
100
Total Jobs
0.143
Per 1K Jobs
0.2
Location Quotient
At 0.20x, District of Columbia has a notably lower concentration of Insurance Underwriters jobs than the national average. Opportunities in this area are relatively scarce for this profession.
100 people work as Insurance Underwriters in District of Columbia.
Only 0.143 out of every 1,000 local jobs are Insurance Underwriters roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Insurance Underwriters
| City | Salary | Dist. |
|---|---|---|
| Baltimore-Columbia-Towson, MD Insurance Underwriters Salary | $92,450↓ 18% | 35 mi |
| Hagerstown-Martinsburg, MD-WV Insurance Underwriters Salary | $77,650↓ 31% | 63 mi |
Comparing salaries near District of Columbia
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in District of Columbia?
The median annual salary for a Insurance Underwriters in District of Columbia is $112,270. This typically ranges from $69,280 for entry-level positions to $184,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in District of Columbia is 23.5% higher than the national median of $90,920.
Is District of Columbia a good place for Insurance Underwriterss?
Yes, District of Columbia is financially attractive for Insurance Underwriterss. The average salary of $112,270 exceeds the national average. See distinct detailed breakdown below.
Is District of Columbia a good place to live for Insurance Underwriters?
The Cost of Living Index in District of Columbia is 148.7. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near District of Columbia?
Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($92,450) and Hagerstown-Martinsburg, MD-WV.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the District of Columbia area with a job density of 0.143 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 District of Columbia