Average Insurance Underwriters Salary in Olympia-Lacey-Tumwater, WA
The average salary for Insurance Underwriterss in Olympia-Lacey-Tumwater, WA is $78,730. While this is lower than the national average, the cost of living in Olympia-Lacey-Tumwater, WA may offset the difference, preserving real purchasing power. Notably, Olympia-Lacey-Tumwater, WA is a key hub for this profession, with a job concentration 1.28x higher than average.
Executive Summary
- Average Salary: $78,730 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,910.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Olympia-Lacey-Tumwater, WA economy.
Salary Overview
The average Insurance Underwriters in Olympia-Lacey-Tumwater, WA earns-13.4%below the national average.
$37.9
$1,514
$6,561
Insurance Underwriters Salary Trends (2020-2024)
Historical trend data for Insurance Underwriters in Olympia-Lacey-Tumwater, WA is limited, but current market signals indicate a stable demand environment.
Insurance Underwriters Salary Distribution in Olympia-Lacey-Tumwater, WA
The earning potential for Insurance Underwriterss in Olympia-Lacey-Tumwater, WA 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 $48,850, while highly experienced professionals can command wages upwards of $120,910.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,850 | $23.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,048 | $28.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,630 | $34.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,413 | $47.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,910 | $58.1 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$78,730
Gross Pay
Real Wage (Purchasing Power)
$78,730
Adjusted for COL (100)
In Olympia-Lacey-Tumwater, WA, the Cost of Living Index is 100. This increases your effective purchasing power from $78,730 to $78,730.
Job Market Context
110
Total Jobs
0.893
Per 1K Jobs
1.28
Location Quotient
With a location quotient of 1.28, Olympia-Lacey-Tumwater, WA has a slightly higher-than-average concentration of Insurance Underwriters roles compared to the national norm.
110 people work as Insurance Underwriters in Olympia-Lacey-Tumwater, WA.
Only 0.893 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. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Insurance Underwriters Salary | $113,510↑ 44% | 47 mi |
| Western Washington nonmetropolitan area Insurance Underwriters Salary | $71,170↓ 10% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Insurance Underwriters in Olympia-Lacey-Tumwater, WA is $78,730. This typically ranges from $48,850 for entry-level positions to $120,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 13.4% lower than the national median of $90,920.
Is Olympia-Lacey-Tumwater, WA a good place for Insurance Underwriterss?
Yes, Olympia-Lacey-Tumwater, WA is highly recommended due to strong job demand. While salaries are competitive ($78,730), the area is particularly notable for its high job density for Insurance Underwriterss. See distinct detailed breakdown below.
Is Olympia-Lacey-Tumwater, WA a good place to live for Insurance Underwriters?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($113,510) and Western Washington nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 0.893 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 Olympia-Lacey-Tumwater, WA