Average Insurance Underwriters Salary in Georgia
Insurance Underwriters in Georgia earn an average annual salary of $89,520, slightly below the national average of $90,920. This marginal difference in compensation is often influenced by regional economic factors and the specific demands of the insurance market within the state. While the nominal pay is close, the overall financial picture is significantly shaped by the local cost of living.
Executive Summary
- Average Salary: $89,520 per year.
- Growth Trend: Salaries have shifted 7.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,610.
- Outlook: With a local workforce of 6,310 Insurance Underwriters, Georgia presents a substantial employment base for this profession. The location quotient of 1.86 indicates a concentration of these roles significantly higher than the national average, suggesting robust demand and a potentially competitive market for skilled underwriters within the state.
Salary Overview
The average Insurance Underwriters in Georgia earns-1.5%below the national average.
$43
$1,722
$7,460
Insurance Underwriters Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Insurance Underwriters in Georgia have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for insurance products, and the evolving complexity of risk assessment, all contributing to higher compensation packages.
Insurance Underwriters Salary Distribution in Georgia
The career path for an Insurance Underwriter typically shows significant salary progression with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and a proven track record in complex risk analysis can command salaries in the upper percentiles, reflecting their value and specialized knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,110 | $28.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,140 | $32.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,000 | $37.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,900 | $53.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,610 | $66.2 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$89,520
Gross Pay
Real Wage (Purchasing Power)
$100,359
Adjusted for COL (89.2)
The average annual salary of $89,520 in Georgia is positioned favorably against the state's Cost of Living Index of 89.2 (where 100 is the national average). This means that the nominal income earned by an Insurance Underwriter in Georgia likely offers a higher effective purchasing power compared to areas with a higher cost of living, making the compensation more attractive in real terms.
Job Market Context
6,310
Total Jobs
1.3
Per 1K Jobs
1.86
Location Quotient
Georgia has 1.9x the national concentration of Insurance Underwriters jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Georgia's Insurance Underwriter market exhibits a strong concentration, as evidenced by a location quotient of 1.86. This signifies that the state employs nearly twice the number of underwriters relative to the national average for its workforce size. Such a high concentration suggests a mature and active market, potentially offering more opportunities but also indicating a competitive landscape for new entrants.
Nearby Job Markets
Nearby Cities for Insurance Underwriters
| City | Salary | Dist. |
|---|---|---|
| Atlanta-Sandy Springs-Roswell, GA Insurance Underwriters Salary | $92,030↑ 3% | 65 mi |
Comparing salaries near Georgia
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Frequently Asked Questions
How much does a Insurance Underwriters make in Georgia?
The median annual salary for a Insurance Underwriters in Georgia is $89,520. This typically ranges from $59,110 for entry-level positions to $137,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Georgia is 1.5% lower than the national median of $90,920.
Is Georgia a lucrative place for Insurance Underwriters?
Yes, Georgia offers a lucrative environment for Insurance Underwriters, primarily due to its favorable cost of living.While the average salary is slightly below the national benchmark, the significantly lower cost of living index means that take-home pay has greater purchasing power. The high concentration of roles also indicates strong market demand.
Is Georgia a good place to live for Insurance Underwriters?
With a Cost of Living Index of 89.2 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Georgia?
Some top paying nearby cities include Atlanta-Sandy Springs-Roswell, GA ($92,030) and others.
How does Georgia's average Insurance Underwriter salary compare to the national average?
The average annual salary for Insurance Underwriters in Georgia is $89,520, which is slightly lower than the national average of $90,920.
What is the concentration of Insurance Underwriters in Georgia?
Georgia has a location quotient of 1.86 for Insurance Underwriters, indicating that the profession is significantly more concentrated in the state compared to the national average.
How does the cost of living in Georgia affect an Insurance Underwriter's salary?
With a Cost of Living Index of 89.2, Georgia is more affordable than the national average. This means the $89,520 salary offers greater purchasing power than it would in a higher cost-of-living state.
What does the job market look like for Insurance Underwriters in Georgia?
The job market appears robust, with 1.3 jobs per 1,000 workers and a high location quotient, suggesting strong demand and a notable presence of this profession within the state's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,310 employees in the Georgia area with a job density of 1.3 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 Georgia