Average Insurance Underwriters Salary in Southwest Maine nonmetropolitan area
Yes, Southwest Maine nonmetropolitan area is a highly lucrative market for Insurance Underwriterss. With an average annual salary of $122,790, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $122,790 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,950.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Southwest Maine nonmetropolitan area economy.
Salary Overview
The average Insurance Underwriters in Southwest Maine nonmetropolitan area earns+35.1%above the national average.
$59
$2,361
$10,233
Insurance Underwriters Salary Trends (2020-2024)
Historical trend data for Insurance Underwriters in Southwest Maine nonmetropolitan area is limited, but current market signals indicate a stable demand environment.
Insurance Underwriters Salary Distribution in Southwest Maine nonmetropolitan area
The earning potential for Insurance Underwriterss in Southwest Maine 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 $92,840, while highly experienced professionals can command wages upwards of $129,950.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $92,840 | $44.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,093 | $44.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $129,950 | $62.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $153,488 | $73.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,950 | $62.5 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$122,790
Gross Pay
Real Wage (Purchasing Power)
$122,790
Adjusted for COL (100)
In Southwest Maine nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $122,790 to $122,790.
Job Market Context
90
Total Jobs
0.667
Per 1K Jobs
0.95
Location Quotient
Southwest Maine nonmetropolitan area has 0.95x 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.
90 people work as Insurance Underwriters in Southwest Maine nonmetropolitan area.
Only 0.667 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. |
|---|---|---|
| Portland-South Portland, ME Insurance Underwriters Salary | $92,810↓ 24% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Southwest Maine nonmetropolitan area?
The median annual salary for a Insurance Underwriters in Southwest Maine nonmetropolitan area is $122,790. This typically ranges from $92,840 for entry-level positions to $129,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 35.1% higher than the national median of $90,920.
Is Southwest Maine nonmetropolitan area a good place for Insurance Underwriterss?
Yes, Southwest Maine nonmetropolitan area is financially attractive for Insurance Underwriterss. The average salary of $122,790 exceeds the national average. See distinct detailed breakdown below.
Is Southwest Maine nonmetropolitan area a good place to live for Insurance Underwriters?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Portland-South Portland, ME ($92,810) 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 90 employees in the Southwest Maine nonmetropolitan area area with a job density of 0.667 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 Southwest Maine nonmetropolitan area