Average Insurance Underwriters Salary in Kansas City, MO-KS
Insurance Underwriters in Kansas City, MO-KS are earning an impressive average annual salary of $99,060, significantly surpassing the national average of $90,920. This elevated compensation is often driven by the specific demands and concentration of the insurance industry within the Kansas City metropolitan area, creating a favorable market for these professionals.
Executive Summary
- Average Salary: $99,060 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $152,620.
- Outlook: With a local workforce of 1,020 Insurance Underwriters, Kansas City presents a robust job market for this profession. The Location Quotient of 1.33 indicates a higher concentration of these roles compared to the national average, suggesting strong demand and a stable employment outlook for skilled underwriters in the region.
Salary Overview
The average Insurance Underwriters in Kansas City, MO-KS earns+9.0%above the national average.
$47.6
$1,905
$8,255
Insurance Underwriters Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Insurance Underwriters in Kansas City has experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing insurance complexity, evolving risk assessment models, and inflation likely contribute to this upward salary trajectory.
Insurance Underwriters Salary Distribution in Kansas City, MO-KS
The career path for Insurance Underwriters typically involves significant salary progression based on experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles, reflecting their value and specialized knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,290 | $27.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,295 | $35.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,030 | $42.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,825 | $59.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $152,620 | $73.4 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$99,060
Gross Pay
Real Wage (Purchasing Power)
$99,060
Adjusted for COL (100)
The average annual salary of $99,060 in Kansas City, MO-KS aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an underwriter's salary in Kansas City is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
1,020
Total Jobs
0.929
Per 1K Jobs
1.33
Location Quotient
With a location quotient of 1.33, Kansas City, MO-KS has a slightly higher-than-average concentration of Insurance Underwriters roles compared to the national norm.
A Location Quotient of 1.33 for Insurance Underwriters in Kansas City signifies that this metropolitan area has a notably higher concentration of these professionals than the national average. This suggests a competitive yet potentially abundant job market, where employers may actively seek experienced talent due to the specialized nature of the industry's presence.
Nearby Job Markets
Nearby Cities for Insurance Underwriters
| City | Salary | Dist. |
|---|---|---|
| Topeka, KS Insurance Underwriters Salary | $107,830↑ 9% | 60 mi |
Comparing salaries near Kansas City, MO-KS
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Kansas City, MO-KS?
The median annual salary for a Insurance Underwriters in Kansas City, MO-KS is $99,060. This typically ranges from $57,290 for entry-level positions to $152,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kansas City, MO-KS is 9.0% higher than the national median of $90,920.
Is Kansas City, MO-KS a lucrative place for Insurance Underwriters?
Yes, Kansas City, MO-KS is a lucrative location for Insurance Underwriters.The average salary of $99,060 is higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Kansas City, MO-KS a good place to live for Insurance Underwriters?
The Cost of Living Index in Kansas City, MO-KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kansas City, MO-KS?
Some top paying nearby cities include Topeka, KS ($107,830) and others.
How does the Kansas City Insurance Underwriter salary compare to the national average?
Insurance Underwriters in Kansas City earn an average of $99,060 annually, which is approximately $8,140 more than the national average of $90,920.
What is the concentration of Insurance Underwriters in Kansas City?
Kansas City has a higher concentration of Insurance Underwriters than the national average, indicated by a Location Quotient of 1.33.
How does the cost of living in Kansas City affect the salary?
The Cost of Living Index in Kansas City is 100, meaning it is the same as the national average. Therefore, the higher salary translates directly to better purchasing power for underwriters.
What does the job market look like for Insurance Underwriters in Kansas City?
With 1,020 Insurance Underwriters locally and a Location Quotient of 1.33, the job market indicates a strong presence and demand for these professionals in Kansas City.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,020 employees in the Kansas City, MO-KS area with a job density of 0.929 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 Kansas City, MO-KS