Average Insurance Underwriters Salary in U.S.
Insurance Underwriters in the U.S. earn an average annual salary of $90,920. This figure precisely aligns with the national average, indicating that compensation in this region is neither significantly higher nor lower than the broader U.S. market. Factors such as the established insurance industry presence and demand within the state likely contribute to this equilibrium.
Executive Summary
- Average Salary: $90,920 per year.
- Growth Trend: Salaries have shifted 18.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,210.
- Outlook: With a substantial local workforce of 107,190 Insurance Underwriters, the U.S. demonstrates a significant concentration of these professionals. While a specific Location Quotient is not provided, the sheer volume of individuals in this role suggests a robust and active job market for insurance underwriting talent within the state.
Salary Overview
The average Insurance Underwriters in U.S. earns-0.0%below the national average.
$43.7
$1,748
$7,577
Insurance Underwriters Salary Trends (2020-2024)
While specific historical data for the U.S. is not detailed, it's reasonable to assume that the average salary for Insurance Underwriters has seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by increasing demand for risk assessment expertise, evolving regulatory landscapes, and the general inflationary pressures affecting compensation across industries.
Insurance Underwriters Salary Distribution in U.S.
The career path for an Insurance Underwriter typically involves a steady increase in earning potential with accumulated experience. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with specialized knowledge and a proven track record can command salaries in the higher percentiles. These percentile gaps clearly signify the career progression and increased value brought by experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,710 | $24.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,190 | $32.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,900 | $38.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,650 | $54.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $138,210 | $66.4 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$90,920
Gross Pay
Real Wage (Purchasing Power)
$90,920
Adjusted for COL (100)
The nominal average salary of $90,920 in the U.S. is perfectly balanced by the local Cost of Living Index of 100, which is also the national average. This means that the purchasing power of an Insurance Underwriter's salary in this state is equivalent to the national average, suggesting that the cost of essential goods and services is neither a significant advantage nor a disadvantage for those earning this salary.
Job Market Context
107,190
Total Jobs
N/A
Per 1K Jobs
N/A
Location Quotient
The absence of a specific Location Quotient (LQ) makes it challenging to definitively assess the concentration of Insurance Underwriters relative to the national average. However, the large total local workforce of 107,190 suggests a substantial presence of these professionals. This could indicate a competitive market where employers have a good pool of talent to choose from, or a thriving industry that supports a large number of underwriting roles.
Nearby Job Markets
Nearby Cities for Insurance Underwriters
| City | Salary | Dist. |
|---|---|---|
| Tulsa, OK Insurance Underwriters Salary | $78,200↓ 14% | 67 mi |
Comparing salaries near U.S.
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in U.S.?
The median annual salary for a Insurance Underwriters in U.S. is $90,920. This typically ranges from $51,710 for entry-level positions to $138,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in U.S. is 0.0% lower than the national median of $90,920.
Is U.S. a lucrative place for Insurance Underwriters?
Yes, it offers competitive compensation.The average salary of $90,920 matches the national average, and the cost of living is also at the national average, indicating stable earning potential.
Is U.S. a good place to live for Insurance Underwriters?
The Cost of Living Index in U.S. is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near U.S.?
Some top paying nearby cities include Tulsa, OK ($78,200) and others.
What is the average salary for an Insurance Underwriter in the U.S.?
The average annual salary for an Insurance Underwriter in the U.S. is $90,920.
How does the cost of living in the U.S. compare to the national average?
The cost of living in the U.S. is exactly at the national average, with a Cost of Living Index of 100.
How many Insurance Underwriters work in the U.S.?
There are approximately 107,190 Insurance Underwriters employed in the U.S.
Does experience significantly impact an Insurance Underwriter's salary in the U.S.?
Yes, experience is a key factor in salary progression, with senior underwriters earning considerably more than entry-level professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 107,190 employees in the U.S. area with a job density of 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 U.S.