Business & Finance Bangor, ME Pop. 32,029

Insurance Underwriter Salary in Bangor, Maine

The median insurance underwriter salary in Bangor, ME is $71,631 per year, which is 8% below the national median and 6.1% below the Maine state average.

City Median
$71,631
vs State Avg
$-4,672
vs National
$-6,229
Cost of Living
92%

Insurance Underwriter Salary in Bangor by Experience

In Bangor, an entry-level insurance underwriter earns around $46,000, while experienced professionals earn up to $105,800 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$46,000
$-4,000 vs national
Mid Level (3-7 yrs)
$71,760
$-6,240 vs national
Senior Level (8+ yrs)
$105,800
$-9,200 vs national

Salary Percentiles in Bangor, ME

Percentile Bangor
10th Percentile $44,712
25th Percentile $56,304
Median (50th) $71,631
75th Percentile $92,000
90th Percentile $116,288

Insurance Underwriter Salary in Other Maine Cities

Portland, ME
$84,089
Pop. 68,408
South Portland, ME
$81,753
Pop. 25,665
Lewiston, ME
$70,074
Pop. 37,121
Auburn, ME
$69,295
Pop. 23,926

How to Become a Insurance Underwriter in Bangor

Education

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

Find Insurance Underwriter Jobs in Bangor

Browse open insurance underwriter positions in Bangor, ME:

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Frequently Asked Questions: Insurance Underwriter Salary in Bangor

How much does a Insurance Underwriter make in Bangor, ME? ▼
The median insurance underwriter salary in Bangor, Maine is $71,631 per year, which is 8% below the national median of $77,860. Salaries range from $44,712 (10th percentile) to $116,288 (90th percentile).
How much does a Insurance Underwriter make per hour in Bangor? ▼
Based on the median annual salary of $71,631, a insurance underwriter in Bangor earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Bangor compare to the Maine state average for insurance underwriter pay? ▼
Bangor's median insurance underwriter salary of $71,631 is 6.1% below the Maine state average of $76,303. The local cost of living index is 92% of the national average.
What is the cost of living in Bangor, ME? ▼
Bangor has a cost of living index of 92% compared to the national average. This means a insurance underwriter salary of $71,631 in Bangor has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Bangor? ▼
Most insurance underwriter positions in Bangor 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.