Average Insurance Underwriters Salary in Tampa-St. Petersburg-Clearwater, FL
Insurance Underwriters in the Tampa-St. Petersburg-Clearwater, FL area earn an average annual salary of $87,180. This figure is slightly below the national average of $90,920, indicating a localized compensation structure influenced by regional economic factors and demand. While the nominal salary is notable, understanding the cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $87,180 per year.
- Growth Trend: Salaries have shifted 27.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,390.
- Outlook: The Tampa-St. Petersburg-Clearwater metropolitan area boasts a significant concentration of Insurance Underwriters, with a total local workforce of 2,390 professionals. The Location Quotient of 2.37 suggests a robust demand and a higher-than-average presence of these roles compared to the national landscape, indicating a healthy job market for underwriting talent in the region.
Salary Overview
The average Insurance Underwriters in Tampa-St. Petersburg-Clearwater, FL earns-4.1%below the national average.
$41.9
$1,677
$7,265
Insurance Underwriters Salary Trends (2020-2024)
While specific historical data for Tampa is not provided, it is reasonable to assume that the Insurance Underwriter profession has experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by an increasing demand for risk assessment and policy management, leading to a commensurate rise in average salaries within the Tampa-St. Petersburg-Clearwater area.
Insurance Underwriters Salary Distribution in Tampa-St. Petersburg-Clearwater, FL
Salary progression for Insurance Underwriters in Tampa-St. Petersburg-Clearwater is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive knowledge of risk assessment and policy intricacies can command significantly higher salaries. The widening percentile gaps from entry-level to senior roles clearly signify substantial career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,130 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,385 | $31.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,970 | $38.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,975 | $52.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,390 | $62.2 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$87,180
Gross Pay
Real Wage (Purchasing Power)
$87,180
Adjusted for COL (100)
The average annual salary of $87,180 for Insurance Underwriters in Tampa-St. Petersburg-Clearwater aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an underwriter's salary in this region is comparable to the national average, offering a stable financial environment without the significant premium or discount often associated with higher or lower cost-of-living areas.
Job Market Context
2,390
Total Jobs
1.659
Per 1K Jobs
2.37
Location Quotient
Tampa-St. Petersburg-Clearwater, FL has 2.4x the national concentration of Insurance Underwriters jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.37, the Tampa-St. Petersburg-Clearwater area exhibits a significantly higher concentration of Insurance Underwriters than the national average. This indicates a specialized and potentially competitive market where employers actively seek underwriting expertise, suggesting a favorable environment for skilled professionals seeking employment or career advancement in this field.
Nearby Job Markets
Nearby Cities for Insurance Underwriters
| City | Salary | Dist. |
|---|---|---|
| Lakeland-Winter Haven, FL Insurance Underwriters Salary | $81,990↓ 6% | 32 mi |
Comparing salaries near Tampa-St. Petersburg-Clearwater, FL
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Tampa-St. Petersburg-Clearwater, FL?
The median annual salary for a Insurance Underwriters in Tampa-St. Petersburg-Clearwater, FL is $87,180. This typically ranges from $51,130 for entry-level positions to $129,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tampa-St. Petersburg-Clearwater, FL is 4.1% lower than the national median of $90,920.
Is Tampa-St. Petersburg-Clearwater, FL a lucrative place for Insurance Underwriterss?
Yes, with a stable cost of living.The area offers a strong concentration of jobs (LQ 2.37) and a salary that matches the national cost of living. While the average salary is slightly below the national average, the comparable cost of living ensures good purchasing power.
Is Tampa-St. Petersburg-Clearwater, FL a good place to live for Insurance Underwriters?
The Cost of Living Index in Tampa-St. Petersburg-Clearwater, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tampa-St. Petersburg-Clearwater, FL?
Some top paying nearby cities include Lakeland-Winter Haven, FL ($81,990) and others.
How does the Tampa Insurance Underwriter salary compare to the national average?
The average annual salary for Insurance Underwriters in Tampa-St. Petersburg-Clearwater is $87,180, which is slightly lower than the national average of $90,920.
What is the job concentration for Insurance Underwriters in Tampa?
Tampa-St. Petersburg-Clearwater has a Location Quotient of 2.37 for Insurance Underwriters, meaning the concentration of these jobs is more than double the national average.
How does the cost of living in Tampa affect the Insurance Underwriter salary?
The cost of living in Tampa is at the national average (100), so the $87,180 salary provides purchasing power equivalent to the national average.
What does the job market look like for Insurance Underwriters in Tampa?
The market is robust, with a significant presence of Insurance Underwriters (2,390 total workforce) and a high concentration (LQ 2.37), suggesting strong demand for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,390 employees in the Tampa-St. Petersburg-Clearwater, FL area with a job density of 1.659 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 Tampa-St. Petersburg-Clearwater, FL