Average Insurance Underwriters Salary in Lexington-Fayette, KY
The average salary for a Insurance Underwriters in Lexington-Fayette, KY is $83,960. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $83,960 per year.
- Growth Trend: Salaries have shifted 20.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,300.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Lexington-Fayette, KY economy.
Salary Overview
The average Insurance Underwriters in Lexington-Fayette, KY earns-7.7%below the national average.
$40.4
$1,615
$6,997
Insurance Underwriters Salary Trends (2020-2024)
Over the past 4 years, Insurance Underwriters salaries in Lexington-Fayette, KY have experienced a rapid surge, growing by 20.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in Lexington-Fayette, KY
The earning potential for Insurance Underwriterss in Lexington-Fayette, KY 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 $52,930, while highly experienced professionals can command wages upwards of $102,300.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,930 | $25.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,970 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $98,160 | $47.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,950 | $50.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,300 | $49.2 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$83,960
Gross Pay
Real Wage (Purchasing Power)
$83,960
Adjusted for COL (100)
In Lexington-Fayette, KY, the Cost of Living Index is 100. This increases your effective purchasing power from $83,960 to $83,960.
Job Market Context
150
Total Jobs
0.535
Per 1K Jobs
0.77
Location Quotient
Lexington-Fayette, KY has 0.77x 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.
150 people work as Insurance Underwriters in Lexington-Fayette, KY.
Only 0.535 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. |
|---|---|---|
| Louisville/Jefferson County, KY-IN Insurance Underwriters Salary | $82,270↓ 2% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Lexington-Fayette, KY?
The median annual salary for a Insurance Underwriters in Lexington-Fayette, KY is $83,960. This typically ranges from $52,930 for entry-level positions to $102,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 7.7% lower than the national median of $90,920.
Is Lexington-Fayette, KY a good place for Insurance Underwriterss?
It depends on your priorities. While the average Insurance Underwriters salary in Lexington-Fayette, KY is $83,960 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lexington-Fayette, KY. See distinct detailed breakdown below.
Is Lexington-Fayette, KY a good place to live for Insurance Underwriters?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Louisville/Jefferson County, KY-IN ($82,270) 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 150 employees in the Lexington-Fayette, KY area with a job density of 0.535 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 Lexington-Fayette, KY