Business & Finance Carmel, IN
Pop. 99,757
Insurance Underwriter Salary in Carmel, Indiana
The median insurance underwriter salary in Carmel, IN is $81,753 per year, which is 5.0% above the national median and 16.7% above the Indiana state average.
City Median
$81,753
vs State Avg
+$11,679
vs National
+$3,893
Cost of Living
105%
Insurance Underwriter Salary in Carmel by Experience
In Carmel, an entry-level insurance underwriter earns around $52,500, while experienced professionals earn up to $120,750 per year. The local cost of living index is 105% of the national average.
Entry Level (0-2 yrs)
$52,500
+$2,500 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$120,750
+$5,750 vs national
Salary Percentiles in Carmel, IN
| Percentile | Carmel |
|---|---|
| 10th Percentile | $51,030 |
| 25th Percentile | $64,260 |
| Median (50th) | $81,753 |
| 75th Percentile | $105,000 |
| 90th Percentile | $132,720 |
Insurance Underwriter Salary in Other Indiana Cities
How to Become a Insurance Underwriter in Carmel
Education
Most insurance underwriter positions require a bachelor's degree. Carmel and the surrounding Indiana 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 Carmel may vary based on local industry and population growth.