Business & Finance Newark, DE Pop. 33,398

Insurance Underwriter Salary in Newark, Delaware

The median insurance underwriter salary in Newark, DE is $83,310 per year, which is 7.0% above the national median and 0.9% above the Delaware state average.

City Median
$83,310
vs State Avg
+$778
vs National
+$5,450
Cost of Living
102%

Insurance Underwriter Salary in Newark by Experience

In Newark, an entry-level insurance underwriter earns around $53,500, while experienced professionals earn up to $123,050 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$53,500
+$3,500 vs national
Mid Level (3-7 yrs)
$83,460
+$5,460 vs national
Senior Level (8+ yrs)
$123,050
+$8,050 vs national

Salary Percentiles in Newark, DE

Percentile Newark
10th Percentile $52,002
25th Percentile $65,484
Median (50th) $83,310
75th Percentile $107,000
90th Percentile $135,248

Insurance Underwriter Salary in Other Delaware Cities

Wilmington, DE
$85,646
Pop. 70,898
Bear, DE
$80,974
Pop. 21,000
Middletown, DE
$80,196
Pop. 22,350
Dover, DE
$78,639
Pop. 39,403

How to Become a Insurance Underwriter in Newark

Education

Most insurance underwriter positions require a bachelor's degree. Newark and the surrounding Delaware area have institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Newark may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Newark

Browse open insurance underwriter positions in Newark, DE:

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Frequently Asked Questions: Insurance Underwriter Salary in Newark

How much does a Insurance Underwriter make in Newark, DE? ▼
The median insurance underwriter salary in Newark, Delaware is $83,310 per year, which is 7.0% above the national median of $77,860. Salaries range from $52,002 (10th percentile) to $135,248 (90th percentile).
How much does a Insurance Underwriter make per hour in Newark? ▼
Based on the median annual salary of $83,310, a insurance underwriter in Newark earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Newark compare to the Delaware state average for insurance underwriter pay? ▼
Newark's median insurance underwriter salary of $83,310 is 0.9% above the Delaware state average of $82,532. The local cost of living index is 102% of the national average.
What is the cost of living in Newark, DE? ▼
Newark has a cost of living index of 102% compared to the national average. This means a insurance underwriter salary of $83,310 in Newark has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Newark? ▼
Most insurance underwriter positions in Newark require a bachelor's degree. Key skills include Risk Assessment, Analytical Skills, Insurance Regulations, Underwriting Software. The job market is projected to grow -2% nationally over the next decade.