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.