Average Insurance Underwriters Salary in Lima, OH
The average salary for a Insurance Underwriters in Lima, OH is $84,370. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $84,370 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $151,420.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 30 professionals. This role remains a specialized component of the broader Lima, OH economy.
Salary Overview
The average Insurance Underwriters in Lima, OH earns-7.2%below the national average.
$40.6
$1,623
$7,031
Insurance Underwriters Salary Trends (2020-2024)
Historical trend data for Insurance Underwriters in Lima, OH is limited, but current market signals indicate a stable demand environment.
Insurance Underwriters Salary Distribution in Lima, OH
The earning potential for Insurance Underwriterss in Lima, OH 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 $54,340, while highly experienced professionals can command wages upwards of $151,420.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,340 | $26.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,278 | $30.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,860 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,463 | $50.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $151,420 | $72.8 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$84,370
Gross Pay
Real Wage (Purchasing Power)
$84,370
Adjusted for COL (100)
In Lima, OH, the Cost of Living Index is 100. This increases your effective purchasing power from $84,370 to $84,370.
Job Market Context
30
Total Jobs
0.651
Per 1K Jobs
0.93
Location Quotient
Lima, OH has 0.93x 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.
30 people work as Insurance Underwriters in Lima, OH.
Only 0.651 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. |
|---|---|---|
| Fort Wayne, IN Insurance Underwriters Salary | $78,490↓ 7% | 59 mi |
| Dayton-Kettering-Beavercreek, OH Insurance Underwriters Salary | $81,740↓ 3% | 67 mi |
| North Northeastern Ohio nonmetropolitan area (noncontiguous) Insurance Underwriters Salary | $76,220↓ 10% | 75 mi |
Comparing salaries near Lima, OH
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Lima, OH?
The median annual salary for a Insurance Underwriters in Lima, OH is $84,370. This typically ranges from $54,340 for entry-level positions to $151,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lima, OH is 7.2% lower than the national median of $90,920.
Is Lima, OH a good place for Insurance Underwriterss?
It depends on your priorities. While the average Insurance Underwriters salary in Lima, OH is $84,370 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lima, OH. See distinct detailed breakdown below.
Is Lima, OH a good place to live for Insurance Underwriters?
The Cost of Living Index in Lima, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lima, OH?
Some top paying nearby cities include Fort Wayne, IN ($78,490) and Dayton-Kettering-Beavercreek, OH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 30 employees in the Lima, OH area with a job density of 0.651 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 Lima, OH