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

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.