Average Insurance Underwriters Salary in Lancaster, PA
The average salary for a Insurance Underwriters in Lancaster, PA is $84,040. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $84,040 per year.
- Growth Trend: Salaries have shifted 7.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,180.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader Lancaster, PA economy.
Salary Overview
The average Insurance Underwriters in Lancaster, PA earns-7.6%below the national average.
$40.4
$1,616
$7,003
Insurance Underwriters Salary Trends (2020-2024)
Over the past 4 years, Insurance Underwriters salaries in Lancaster, PA have remained stable with a modest increase of 7.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in Lancaster, PA
The earning potential for Insurance Underwriterss in Lancaster, PA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $47,940, while highly experienced professionals can command wages upwards of $133,180.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,940 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,030 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,220 | $37.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,050 | $50.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,180 | $64 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$84,040
Gross Pay
Real Wage (Purchasing Power)
$84,040
Adjusted for COL (100)
In Lancaster, PA, the Cost of Living Index is 100. This increases your effective purchasing power from $84,040 to $84,040.
Job Market Context
180
Total Jobs
0.734
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Lancaster, PA has a slightly higher-than-average concentration of Insurance Underwriters roles compared to the national norm.
180 people work as Insurance Underwriters in Lancaster, PA.
Only 0.734 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↓ 5% | 35 mi |
Comparing salaries near Lancaster, PA
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Lancaster, PA?
The median annual salary for a Insurance Underwriters in Lancaster, PA is $84,040. This typically ranges from $47,940 for entry-level positions to $133,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lancaster, PA is 7.6% lower than the national median of $90,920.
Is Lancaster, PA a good place for Insurance Underwriterss?
It depends on your priorities. While the average Insurance Underwriters salary in Lancaster, PA is $84,040 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lancaster, PA. See distinct detailed breakdown below.
Is Lancaster, PA a good place to live for Insurance Underwriters?
The Cost of Living Index in Lancaster, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lancaster, PA?
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 180 employees in the Lancaster, PA area with a job density of 0.734 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 Lancaster, PA