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

South Portland, ME
$81,753
Pop. 25,665
Bangor, ME
$71,631
Pop. 32,029
Lewiston, ME
$70,074
Pop. 37,121
Auburn, ME
$69,295
Pop. 23,926

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.

Find Insurance Underwriter Jobs in Portland

Browse open insurance underwriter positions in Portland, ME:

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Frequently Asked Questions: Insurance Underwriter Salary in Portland

How much does a Insurance Underwriter make in Portland, ME? ▼
The median insurance underwriter salary in Portland, Maine is $84,089 per year, which is 8.0% above the national median of $77,860. Salaries range from $52,488 (10th percentile) to $136,512 (90th percentile).
How much does a Insurance Underwriter make per hour in Portland? ▼
Based on the median annual salary of $84,089, a insurance underwriter in Portland earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Portland compare to the Maine state average for insurance underwriter pay? ▼
Portland's median insurance underwriter salary of $84,089 is 10.2% above the Maine state average of $76,303. The local cost of living index is 108% of the national average.
What is the cost of living in Portland, ME? ▼
Portland has a cost of living index of 108% compared to the national average. This means a insurance underwriter salary of $84,089 in Portland has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Portland? ▼
Most insurance underwriter positions in Portland 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.