Business & Finance Cedar Rapids, IA Pop. 137,710

Insurance Underwriter Salary in Cedar Rapids, Iowa

The median insurance underwriter salary in Cedar Rapids, IA is $68,517 per year, which is 12% below the national median and 1.1% below the Iowa state average.

City Median
$68,517
vs State Avg
$-778
vs National
$-9,343
Cost of Living
88%

Insurance Underwriter Salary in Cedar Rapids by Experience

In Cedar Rapids, an entry-level insurance underwriter earns around $44,000, while experienced professionals earn up to $101,200 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$44,000
$-6,000 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$101,200
$-13,800 vs national

Salary Percentiles in Cedar Rapids, IA

Percentile Cedar Rapids
10th Percentile $42,768
25th Percentile $53,856
Median (50th) $68,517
75th Percentile $88,000
90th Percentile $111,232

Insurance Underwriter Salary in Other Iowa Cities

How to Become a Insurance Underwriter in Cedar Rapids

Education

Most insurance underwriter positions require a bachelor's degree. Cedar Rapids and the surrounding Iowa 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 Cedar Rapids may vary based on local industry and population growth.