Average Insurance Underwriters Salary in Hagerstown-Martinsburg, MD-WV
The average salary for Insurance Underwriterss in Hagerstown-Martinsburg, MD-WV is $77,650. While this is lower than the national average, the cost of living in Hagerstown-Martinsburg, MD-WV may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $77,650 per year.
- Growth Trend: Salaries have shifted 4.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,460.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Hagerstown-Martinsburg, MD-WV economy.
Salary Overview
The average Insurance Underwriters in Hagerstown-Martinsburg, MD-WV earns-14.6%below the national average.
$37.3
$1,493
$6,471
Insurance Underwriters Salary Trends (2020-2024)
Over the past 1 years, Insurance Underwriters salaries in Hagerstown-Martinsburg, MD-WV have remained stable with a modest increase of 4.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in Hagerstown-Martinsburg, MD-WV
The earning potential for Insurance Underwriterss in Hagerstown-Martinsburg, MD-WV varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $51,860, while highly experienced professionals can command wages upwards of $102,460.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,860 | $24.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,238 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,980 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,063 | $46.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,460 | $49.3 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$77,650
Gross Pay
Real Wage (Purchasing Power)
$77,650
Adjusted for COL (100)
In Hagerstown-Martinsburg, MD-WV, the Cost of Living Index is 100. This increases your effective purchasing power from $77,650 to $77,650.
Job Market Context
50
Total Jobs
0.432
Per 1K Jobs
0.62
Location Quotient
Hagerstown-Martinsburg, MD-WV has 0.62x 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.
50 people work as Insurance Underwriters in Hagerstown-Martinsburg, MD-WV.
Only 0.432 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. |
|---|---|---|
| Harrisburg-Carlisle, PA Insurance Underwriters Salary | $79,650↑ 3% | 62 mi |
Comparing salaries near Hagerstown-Martinsburg, MD-WV
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Hagerstown-Martinsburg, MD-WV?
The median annual salary for a Insurance Underwriters in Hagerstown-Martinsburg, MD-WV is $77,650. This typically ranges from $51,860 for entry-level positions to $102,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hagerstown-Martinsburg, MD-WV is 14.6% lower than the national median of $90,920.
Is Hagerstown-Martinsburg, MD-WV a good place for Insurance Underwriterss?
It depends on your priorities. While the average Insurance Underwriters salary in Hagerstown-Martinsburg, MD-WV is $77,650 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Hagerstown-Martinsburg, MD-WV. See distinct detailed breakdown below.
Is Hagerstown-Martinsburg, MD-WV a good place to live for Insurance Underwriters?
The Cost of Living Index in Hagerstown-Martinsburg, MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hagerstown-Martinsburg, MD-WV?
Some top paying nearby cities include Harrisburg-Carlisle, PA ($79,650) and others.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Hagerstown-Martinsburg, MD-WV area with a job density of 0.432 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 Hagerstown-Martinsburg, MD-WV