Business & Finance Portland, ME
Pop. 68,408
Insurance Underwriter Salary in Portland, Maine
The median insurance underwriter salary in Portland, ME is $84,089 per year, which is 8.0% above the national median and 10.2% above the Maine state average.
City Median
$84,089
vs State Avg
+$7,786
vs National
+$6,229
Cost of Living
108%
Insurance Underwriter Salary in Portland by Experience
In Portland, an entry-level insurance underwriter earns around $54,000, while experienced professionals earn up to $124,200 per year. The local cost of living index is 108% of the national average.
Entry Level (0-2 yrs)
$54,000
+$4,000 vs national
Mid Level (3-7 yrs)
$84,240
+$6,240 vs national
Senior Level (8+ yrs)
$124,200
+$9,200 vs national
Salary Percentiles in Portland, ME
| Percentile | Portland |
|---|---|
| 10th Percentile | $52,488 |
| 25th Percentile | $66,096 |
| Median (50th) | $84,089 |
| 75th Percentile | $108,000 |
| 90th Percentile | $136,512 |
Insurance Underwriter Salary in Other Maine Cities
How to Become a Insurance Underwriter in Portland
Education
Most insurance underwriter positions require a bachelor's degree. Portland 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 Portland may vary based on local industry and population growth.