Business & Finance Springfield, MO Pop. 169,176

Insurance Underwriter Salary in Springfield, Missouri

The median insurance underwriter salary in Springfield, MO is $63,845 per year, which is 18% below the national median and 6.8% below the Missouri state average.

City Median
$63,845
vs State Avg
$-4,672
vs National
$-14,015
Cost of Living
82%

Insurance Underwriter Salary in Springfield by Experience

In Springfield, an entry-level insurance underwriter earns around $41,000, while experienced professionals earn up to $94,300 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$41,000
$-9,000 vs national
Mid Level (3-7 yrs)
$63,960
$-14,040 vs national
Senior Level (8+ yrs)
$94,300
$-20,700 vs national

Salary Percentiles in Springfield, MO

Percentile Springfield
10th Percentile $39,852
25th Percentile $50,184
Median (50th) $63,845
75th Percentile $82,000
90th Percentile $103,648

Insurance Underwriter Salary in Other Missouri Cities

Kansas City, MO
$71,631
Pop. 508,090
Saint Louis, MO
$70,074
Pop. 301,578
Columbia, MO
$68,517
Pop. 126,254
Independence, MO
$66,181
Pop. 123,011

How to Become a Insurance Underwriter in Springfield

Education

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

Find Insurance Underwriter Jobs in Springfield

Browse open insurance underwriter positions in Springfield, MO:

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Frequently Asked Questions: Insurance Underwriter Salary in Springfield

How much does a Insurance Underwriter make in Springfield, MO? ▼
The median insurance underwriter salary in Springfield, Missouri is $63,845 per year, which is 18% below the national median of $77,860. Salaries range from $39,852 (10th percentile) to $103,648 (90th percentile).
How much does a Insurance Underwriter make per hour in Springfield? ▼
Based on the median annual salary of $63,845, a insurance underwriter in Springfield earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Missouri state average for insurance underwriter pay? ▼
Springfield's median insurance underwriter salary of $63,845 is 6.8% below the Missouri state average of $68,517. The local cost of living index is 82% of the national average.
What is the cost of living in Springfield, MO? ▼
Springfield has a cost of living index of 82% compared to the national average. This means a insurance underwriter salary of $63,845 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Springfield? ▼
Most insurance underwriter positions in Springfield 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.