Average Insurance Underwriters Salary in New Haven, CT
The average salary for a Insurance Underwriters in New Haven, CT is $88,000. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $88,000 per year.
- Growth Trend: Salaries have shifted 4.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,820.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader New Haven, CT economy.
Salary Overview
The average Insurance Underwriters in New Haven, CT earns-3.2%below the national average.
$42.3
$1,692
$7,333
Insurance Underwriters Salary Trends (2020-2024)
Over the past 4 years, Insurance Underwriters salaries in New Haven, CT have remained stable with a modest increase of 4.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in New Haven, CT
The earning potential for Insurance Underwriterss in New Haven, CT 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 $60,970, while highly experienced professionals can command wages upwards of $125,820.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,970 | $29.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,000 | $31.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,150 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,000 | $52.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,820 | $60.5 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$88,000
Gross Pay
Real Wage (Purchasing Power)
$88,000
Adjusted for COL (100)
In New Haven, CT, the Cost of Living Index is 100. This increases your effective purchasing power from $88,000 to $88,000.
Job Market Context
140
Total Jobs
0.509
Per 1K Jobs
0.73
Location Quotient
New Haven, CT has 0.73x 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.
140 people work as Insurance Underwriters in New Haven, CT.
Only 0.509 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. |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT Insurance Underwriters Salary | $113,000↑ 28% | 16 mi |
| Waterbury-Shelton, CT Insurance Underwriters Salary | $94,430↑ 7% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Insurance Underwriters Salary | $101,720↑ 16% | 34 mi |
Comparing salaries near New Haven, CT
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in New Haven, CT?
The median annual salary for a Insurance Underwriters in New Haven, CT is $88,000. This typically ranges from $60,970 for entry-level positions to $125,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Haven, CT is 3.2% lower than the national median of $90,920.
Is New Haven, CT a good place for Insurance Underwriterss?
It depends on your priorities. While the average Insurance Underwriters salary in New Haven, CT is $88,000 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of New Haven, CT. See distinct detailed breakdown below.
Is New Haven, CT a good place to live for Insurance Underwriters?
The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Haven, CT?
Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($113,000) and Waterbury-Shelton, CT.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 140 employees in the New Haven, CT area with a job density of 0.509 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 New Haven, CT