Business & Finance Sioux City, IA Pop. 85,797

Insurance Underwriter Salary in Sioux City, Iowa

The median insurance underwriter salary in Sioux City, IA is $65,402 per year, which is 16% below the national median and 5.6% below the Iowa state average.

City Median
$65,402
vs State Avg
$-3,893
vs National
$-12,458
Cost of Living
84%

Insurance Underwriter Salary in Sioux City by Experience

In Sioux City, an entry-level insurance underwriter earns around $42,000, while experienced professionals earn up to $96,600 per year. The local cost of living index is 84% of the national average.

Entry Level (0-2 yrs)
$42,000
$-8,000 vs national
Mid Level (3-7 yrs)
$65,520
$-12,480 vs national
Senior Level (8+ yrs)
$96,600
$-18,400 vs national

Salary Percentiles in Sioux City, IA

Percentile Sioux City
10th Percentile $40,824
25th Percentile $51,408
Median (50th) $65,402
75th Percentile $84,000
90th Percentile $106,176

Insurance Underwriter Salary in Other Iowa Cities

Iowa City, IA
$73,967
Pop. 74,828
Des Moines, IA
$71,631
Pop. 214,133
Cedar Rapids, IA
$68,517
Pop. 137,710
Davenport, IA
$66,960
Pop. 101,724

How to Become a Insurance Underwriter in Sioux City

Education

Most insurance underwriter positions require a bachelor's degree. Sioux City 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 Sioux City may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Sioux City

Browse open insurance underwriter positions in Sioux City, IA:

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Frequently Asked Questions: Insurance Underwriter Salary in Sioux City

How much does a Insurance Underwriter make in Sioux City, IA? ▼
The median insurance underwriter salary in Sioux City, Iowa is $65,402 per year, which is 16% below the national median of $77,860. Salaries range from $40,824 (10th percentile) to $106,176 (90th percentile).
How much does a Insurance Underwriter make per hour in Sioux City? ▼
Based on the median annual salary of $65,402, a insurance underwriter in Sioux City earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Sioux City compare to the Iowa state average for insurance underwriter pay? ▼
Sioux City's median insurance underwriter salary of $65,402 is 5.6% below the Iowa state average of $69,295. The local cost of living index is 84% of the national average.
What is the cost of living in Sioux City, IA? ▼
Sioux City has a cost of living index of 84% compared to the national average. This means a insurance underwriter salary of $65,402 in Sioux City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Sioux City? ▼
Most insurance underwriter positions in Sioux City 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.