Average Insurance Underwriters Salary in Northwest Illinois nonmetropolitan area
The average salary for a Insurance Underwriters in Northwest Illinois nonmetropolitan area is $99,480. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $99,480 per year.
- Growth Trend: Salaries have shifted 37.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $146,180.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Northwest Illinois nonmetropolitan area economy.
Salary Overview
The average Insurance Underwriters in Northwest Illinois nonmetropolitan area earns+9.4%above the national average.
$47.8
$1,913
$8,290
Insurance Underwriters Salary Trends (2020-2024)
Over the past 4 years, Insurance Underwriters salaries in Northwest Illinois nonmetropolitan area have experienced a rapid surge, growing by 37.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in Northwest Illinois nonmetropolitan area
The earning potential for Insurance Underwriterss in Northwest Illinois nonmetropolitan area 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 $59,820, while highly experienced professionals can command wages upwards of $146,180.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,820 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,610 | $35.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,070 | $43.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $124,350 | $59.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $146,180 | $70.3 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$99,480
Gross Pay
Real Wage (Purchasing Power)
$99,480
Adjusted for COL (100)
In Northwest Illinois nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $99,480 to $99,480.
Job Market Context
80
Total Jobs
0.59
Per 1K Jobs
0.84
Location Quotient
Northwest Illinois nonmetropolitan area has 0.84x 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.
80 people work as Insurance Underwriters in Northwest Illinois nonmetropolitan area.
Only 0.59 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. |
|---|---|---|
| Bloomington, IL Insurance Underwriters Salary | $83,210↓ 16% | 9 mi |
| Peoria, IL Insurance Underwriters Salary | $84,840↓ 15% | 43 mi |
| Springfield, IL Insurance Underwriters Salary | $95,530↓ 4% | 53 mi |
Comparing salaries near Northwest Illinois nonmetropolitan area
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Northwest Illinois nonmetropolitan area?
The median annual salary for a Insurance Underwriters in Northwest Illinois nonmetropolitan area is $99,480. This typically ranges from $59,820 for entry-level positions to $146,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Illinois nonmetropolitan area is 9.4% higher than the national median of $90,920.
Is Northwest Illinois nonmetropolitan area a good place for Insurance Underwriterss?
Yes, Northwest Illinois nonmetropolitan area is financially attractive for Insurance Underwriterss. The average salary of $99,480 exceeds the national average. See distinct detailed breakdown below.
Is Northwest Illinois nonmetropolitan area a good place to live for Insurance Underwriters?
The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($83,210) and Peoria, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Northwest Illinois nonmetropolitan area area with a job density of 0.59 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 Northwest Illinois nonmetropolitan area