Average Insurance Underwriters Salary in East Central Illinois nonmetropolitan area
The average salary for Insurance Underwriterss in East Central Illinois nonmetropolitan area is $77,590. While this is lower than the national average, the cost of living in East Central Illinois nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $77,590 per year.
- Growth Trend: Salaries have shifted 29.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,110.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader East Central Illinois nonmetropolitan area economy.
Salary Overview
The average Insurance Underwriters in East Central Illinois nonmetropolitan area earns-14.7%below the national average.
$37.3
$1,492
$6,466
Insurance Underwriters Salary Trends (2020-2024)
Over the past 4 years, Insurance Underwriters salaries in East Central Illinois nonmetropolitan area have experienced a rapid surge, growing by 29.2%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in East Central Illinois nonmetropolitan area
The earning potential for Insurance Underwriterss in East Central Illinois nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $45,310, while highly experienced professionals can command wages upwards of $131,110.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,310 | $21.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,193 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,250 | $29.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,988 | $46.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,110 | $63 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$77,590
Gross Pay
Real Wage (Purchasing Power)
$77,590
Adjusted for COL (100)
In East Central Illinois nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $77,590 to $77,590.
Job Market Context
60
Total Jobs
0.425
Per 1K Jobs
0.61
Location Quotient
East Central Illinois nonmetropolitan area has 0.61x 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.
60 people work as Insurance Underwriters in East Central Illinois nonmetropolitan area.
Only 0.425 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. |
|---|---|---|
| Bloomington, IL Insurance Underwriters Salary | $83,210↑ 7% | 9 mi |
| Peoria, IL Insurance Underwriters Salary | $84,840↑ 9% | 43 mi |
| Springfield, IL Insurance Underwriters Salary | $95,530↑ 23% | 53 mi |
Comparing salaries near East Central Illinois nonmetropolitan area
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in East Central Illinois nonmetropolitan area?
The median annual salary for a Insurance Underwriters in East Central Illinois nonmetropolitan area is $77,590. This typically ranges from $45,310 for entry-level positions to $131,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Central Illinois nonmetropolitan area is 14.7% lower than the national median of $90,920.
Is East Central Illinois nonmetropolitan area a good place for Insurance Underwriterss?
It depends on your priorities. While the average Insurance Underwriters salary in East Central Illinois nonmetropolitan area is $77,590 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of East Central Illinois nonmetropolitan area. See distinct detailed breakdown below.
Is East Central Illinois nonmetropolitan area a good place to live for Insurance Underwriters?
The Cost of Living Index in East Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($83,210) and Peoria, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the East Central Illinois nonmetropolitan area area with a job density of 0.425 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 East Central Illinois nonmetropolitan area