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Average Insurance Underwriters Salary in Harrisburg-Carlisle, PA

Insurance Underwriters in Harrisburg-Carlisle, PA, earn an average annual salary of $79,650. This figure is notably below the national average of $90,920, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within this specific metropolitan area.

Executive Summary

  • Average Salary: $79,650 per year.
  • Growth Trend: Salaries have shifted 2.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $114,870.
  • Outlook: The Harrisburg-Carlisle, PA, job market for Insurance Underwriters presents a concentrated demand, as indicated by a Location Quotient of 1.52, significantly above the national average. With 1.061 jobs per 1,000 workers and a local workforce of 350 professionals, this suggests a robust and specialized employment landscape for underwriters in the region, pointing towards sustained opportunities.
2024 Market Data

Salary Overview

$79,650

The average Insurance Underwriters in Harrisburg-Carlisle, PA earns-12.4%below the national average.

BreakdownBased on 40h/week
Hourly

$38.3

Weekly

$1,532

Monthly

$6,638

Insurance Underwriters Salary Distribution in Harrisburg-Carlisle, PA

Salary progression for Insurance Underwriters in Harrisburg-Carlisle, PA, typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while senior underwriters with extensive expertise and a proven track record can command significantly higher salaries, often reaching the upper percentiles of the $79,650 average, reflecting increased responsibility and value.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$47,120$22.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$59,738$28.7
ManagerOversees team, compliance, and project delivery.50% (Median)$75,870$36.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$99,563$47.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$114,870$55.2

Detailed Insurance Underwriters Market Analysis

Relocation Context

Nominal Salary

$79,650

Gross Pay

Real Wage (Purchasing Power)

$79,650

Adjusted for COL (100)

The average annual salary of $79,650 for Insurance Underwriters in Harrisburg-Carlisle, PA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, indicating that the compensation is neither exceptionally high nor low relative to the general cost of goods and services in the area.

Job Market Context

350

Total Jobs

1.061

Per 1K Jobs

1.52

Location Quotient

Major Hub

Harrisburg-Carlisle, PA has 1.5x 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.

With a Location Quotient of 1.52, Harrisburg-Carlisle, PA, demonstrates a higher concentration of Insurance Underwriters compared to the national average. This suggests a more specialized and potentially competitive market for these professionals, where demand may outstrip supply in certain segments, or where the industry has a significant presence.

Nearby Job Markets

Nearby Cities for Insurance Underwriters

CitySalaryDist.
Lancaster, PA Insurance Underwriters Salary$84,040↑ 6%35 mi

Comparing salaries near Harrisburg-Carlisle, PA

Hiring Insurance Underwriterss?

Frequently Asked Questions

How much does a Insurance Underwriters make in Harrisburg-Carlisle, PA?

The median annual salary for a Insurance Underwriters in Harrisburg-Carlisle, PA is $79,650. This typically ranges from $47,120 for entry-level positions to $114,870 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Harrisburg-Carlisle, PA is 12.4% lower than the national median of $90,920.

Is Harrisburg-Carlisle, PA a lucrative place for Insurance Underwriters?

No, not exceptionally lucrative compared to the national average.While the average salary of $79,650 is stable relative to the cost of living, it falls below the national average of $90,920, indicating less lucrative earning potential in this specific location.

Is Harrisburg-Carlisle, PA a good place to live for Insurance Underwriters?

The Cost of Living Index in Harrisburg-Carlisle, PA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Harrisburg-Carlisle, PA?

Some top paying nearby cities include Lancaster, PA ($84,040) and others.

What is the average salary for an Insurance Underwriter in Harrisburg-Carlisle, PA?

The average annual salary for an Insurance Underwriter in Harrisburg-Carlisle, PA, is $79,650.

How does the Harrisburg-Carlisle, PA salary compare to the national average?

The average salary in Harrisburg-Carlisle, PA ($79,650) is lower than the national average of $90,920.

What is the Cost of Living in Harrisburg-Carlisle, PA?

The Cost of Living Index in Harrisburg-Carlisle, PA, is 100, which is exactly the national average.

Is there high demand for Insurance Underwriters in Harrisburg-Carlisle, PA?

Yes, the Location Quotient of 1.52 indicates a higher concentration of Insurance Underwriters than the national average, suggesting strong local demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Harrisburg-Carlisle, PA area with a job density of 1.061 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 Harrisburg-Carlisle, PA