Average Insurance Underwriters Salary in Trenton-Princeton, NJ
The average salary for a Insurance Underwriters in Trenton-Princeton, NJ is $91,090. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $91,090 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,840.
- Outlook: The current demand for Insurance Underwriterss is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader Trenton-Princeton, NJ economy.
Salary Overview
The average Insurance Underwriters in Trenton-Princeton, NJ earns+0.2%above the national average.
$43.8
$1,752
$7,591
Insurance Underwriters Salary Trends (2020-2024)
Historical trend data for Insurance Underwriters in Trenton-Princeton, NJ is limited, but current market signals indicate a stable demand environment.
Insurance Underwriters Salary Distribution in Trenton-Princeton, NJ
The earning potential for Insurance Underwriterss in Trenton-Princeton, NJ 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 $60,150, while highly experienced professionals can command wages upwards of $124,840.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,150 | $28.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,318 | $32.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $90,770 | $43.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,863 | $54.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,840 | $60 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$91,090
Gross Pay
Real Wage (Purchasing Power)
$91,090
Adjusted for COL (100)
In Trenton-Princeton, NJ, the Cost of Living Index is 100. This increases your effective purchasing power from $91,090 to $91,090.
Job Market Context
180
Total Jobs
0.763
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Trenton-Princeton, NJ has a slightly higher-than-average concentration of Insurance Underwriters roles compared to the national norm.
180 people work as Insurance Underwriters in Trenton-Princeton, NJ.
Only 0.763 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. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Insurance Underwriters Salary | $102,680↑ 13% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Insurance Underwriters Salary | $85,180↓ 6% | 45 mi |
| New York-Newark-Jersey City, NY-NJ Insurance Underwriters Salary | $100,220↑ 10% | 52 mi |
Comparing salaries near Trenton-Princeton, NJ
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Trenton-Princeton, NJ?
The median annual salary for a Insurance Underwriters in Trenton-Princeton, NJ is $91,090. This typically ranges from $60,150 for entry-level positions to $124,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 0.2% higher than the national median of $90,920.
Is Trenton-Princeton, NJ a good place for Insurance Underwriterss?
Yes, Trenton-Princeton, NJ is financially attractive for Insurance Underwriterss. The average salary of $91,090 exceeds the national average. See distinct detailed breakdown below.
Is Trenton-Princeton, NJ a good place to live for Insurance Underwriters?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($102,680) and Allentown-Bethlehem-Easton, PA-NJ.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 180 employees in the Trenton-Princeton, NJ area with a job density of 0.763 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 Trenton-Princeton, NJ