Average Insurance Underwriters Salary in Waterbury-Shelton, CT
The average salary for a Insurance Underwriters in Waterbury-Shelton, CT is $94,430. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $94,430 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,960.
- 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 Waterbury-Shelton, CT economy.
Salary Overview
The average Insurance Underwriters in Waterbury-Shelton, CT earns+3.9%above the national average.
$45.4
$1,816
$7,869
Insurance Underwriters Salary Trends (2020-2024)
Historical trend data for Insurance Underwriters in Waterbury-Shelton, CT is limited, but current market signals indicate a stable demand environment.
Insurance Underwriters Salary Distribution in Waterbury-Shelton, CT
The earning potential for Insurance Underwriterss in Waterbury-Shelton, CT 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 $65,240, while highly experienced professionals can command wages upwards of $128,960.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,240 | $31.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,823 | $34 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,960 | $39.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,038 | $56.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,960 | $62 |
Detailed Insurance Underwriters Market Analysis
Relocation Context
Nominal Salary
$94,430
Gross Pay
Real Wage (Purchasing Power)
$94,430
Adjusted for COL (100)
In Waterbury-Shelton, CT, the Cost of Living Index is 100. This increases your effective purchasing power from $94,430 to $94,430.
Job Market Context
90
Total Jobs
0.582
Per 1K Jobs
0.83
Location Quotient
Waterbury-Shelton, CT has 0.83x 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 Waterbury-Shelton, CT.
Only 0.582 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. |
|---|---|---|
| New Haven, CT Insurance Underwriters Salary | $88,000↓ 7% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Insurance Underwriters Salary | $101,720↑ 8% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Insurance Underwriters Salary | $113,000↑ 20% | 27 mi |
| Springfield, MA Insurance Underwriters Salary | $94,720↑ 0% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
Hiring Insurance Underwriterss?
Frequently Asked Questions
How much does a Insurance Underwriters make in Waterbury-Shelton, CT?
The median annual salary for a Insurance Underwriters in Waterbury-Shelton, CT is $94,430. This typically ranges from $65,240 for entry-level positions to $128,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 3.9% higher than the national median of $90,920.
Is Waterbury-Shelton, CT a good place for Insurance Underwriterss?
Yes, Waterbury-Shelton, CT is financially attractive for Insurance Underwriterss. The average salary of $94,430 exceeds the national average. See distinct detailed breakdown below.
Is Waterbury-Shelton, CT a good place to live for Insurance Underwriters?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include New Haven, CT ($88,000) and Hartford-West Hartford-East Hartford, CT.
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 Waterbury-Shelton, CT area with a job density of 0.582 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 Waterbury-Shelton, CT