Business & Finance South Portland, ME Pop. 25,665

Insurance Underwriter Salary in South Portland, Maine

The median insurance underwriter salary in South Portland, ME is $81,753 per year, which is 5.0% above the national median and 7.1% above the Maine state average.

City Median
$81,753
vs State Avg
+$5,450
vs National
+$3,893
Cost of Living
105%

Insurance Underwriter Salary in South Portland by Experience

In South Portland, an entry-level insurance underwriter earns around $52,500, while experienced professionals earn up to $120,750 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$52,500
+$2,500 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$120,750
+$5,750 vs national

Salary Percentiles in South Portland, ME

Percentile South Portland
10th Percentile $51,030
25th Percentile $64,260
Median (50th) $81,753
75th Percentile $105,000
90th Percentile $132,720

Insurance Underwriter Salary in Other Maine Cities

Portland, ME
$84,089
Pop. 68,408
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 South Portland

Education

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

Find Insurance Underwriter Jobs in South Portland

Browse open insurance underwriter positions in South Portland, ME:

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Frequently Asked Questions: Insurance Underwriter Salary in South Portland

How much does a Insurance Underwriter make in South Portland, ME? ▼
The median insurance underwriter salary in South Portland, Maine is $81,753 per year, which is 5.0% above the national median of $77,860. Salaries range from $51,030 (10th percentile) to $132,720 (90th percentile).
How much does a Insurance Underwriter make per hour in South Portland? ▼
Based on the median annual salary of $81,753, a insurance underwriter in South Portland earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does South Portland compare to the Maine state average for insurance underwriter pay? ▼
South Portland's median insurance underwriter salary of $81,753 is 7.1% above the Maine state average of $76,303. The local cost of living index is 105% of the national average.
What is the cost of living in South Portland, ME? ▼
South Portland has a cost of living index of 105% compared to the national average. This means a insurance underwriter salary of $81,753 in South 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 South Portland? ▼
Most insurance underwriter positions in South 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.