Average Insurance Underwriters Salary in Palm Bay-Melbourne-Titusville, FL
Yes, Palm Bay-Melbourne-Titusville, FL is a highly lucrative market for Insurance Underwriterss. With an average annual salary of $102,910, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $102,910 per year.
- Growth Trend: Salaries have shifted 40.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $192,310.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Palm Bay-Melbourne-Titusville, FL economy.
Salary Overview
The average Insurance Underwriters in Palm Bay-Melbourne-Titusville, FL earns+13.2%above the national average.
$49.5
$1,979
$8,576
Insurance Underwriters Salary Trends (2020-2024)
Over the past 3 years, Insurance Underwriters salaries in Palm Bay-Melbourne-Titusville, FL have experienced a rapid surge, growing by 40.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Underwriters Salary Distribution in Palm Bay-Melbourne-Titusville, FL
The earning potential for Insurance Underwriterss in Palm Bay-Melbourne-Titusville, FL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $56,950, while highly experienced professionals can command wages upwards of $192,310.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,950 | $27.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,183 | $37.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,300 | $40 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $128,638 | $61.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $192,310 | $92.5 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$102,910
Gross Pay
Real Wage (Purchasing Power)
$102,910
Adjusted for COL (100)
In Palm Bay-Melbourne-Titusville, FL, the Cost of Living Index is 100. This increases your effective purchasing power from $102,910 to $102,910.
Job Market Context
50
Total Jobs
0.22
Per 1K Jobs
0.32
Location Quotient
At 0.32x, Palm Bay-Melbourne-Titusville, FL has a notably lower concentration of Insurance Underwriters jobs than the national average. Opportunities in this area are relatively scarce for this profession.
50 people work as Insurance Underwriters in Palm Bay-Melbourne-Titusville, FL.
Only 0.22 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. |
|---|---|---|
| Orlando-Kissimmee-Sanford, FL Insurance Underwriters Salary | $89,190↓ 13% | 59 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Insurance Underwriters in Palm Bay-Melbourne-Titusville, FL is $102,910. This typically ranges from $56,950 for entry-level positions to $192,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 13.2% higher than the national median of $90,920.
Is Palm Bay-Melbourne-Titusville, FL a good place for Insurance Underwriterss?
Yes, Palm Bay-Melbourne-Titusville, FL is financially attractive for Insurance Underwriterss. The average salary of $102,910 exceeds the national average. See distinct detailed breakdown below.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Insurance Underwriters?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Orlando-Kissimmee-Sanford, FL ($89,190) 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 50 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 0.22 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Underwriters Salaries by State
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Semantic Salary Analysis for Insurance Underwriters • Data source: BLS OEWS 2024 •Jobs in Palm Bay-Melbourne-Titusville, FL