Business & Finance Toledo, OH
Pop. 270,871
Insurance Underwriter Salary in Toledo, Ohio
The median insurance underwriter salary in Toledo, OH is $63,845 per year, which is 18% below the national median and 8.9% below the Ohio state average.
City Median
$63,845
vs State Avg
$-6,229
vs National
$-14,015
Cost of Living
82%
Insurance Underwriter Salary in Toledo by Experience
In Toledo, 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 Toledo, OH
| Percentile | Toledo |
|---|---|
| 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 Ohio Cities
How to Become a Insurance Underwriter in Toledo
Education
Most insurance underwriter positions require a bachelor's degree. Toledo and the surrounding Ohio 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 Toledo may vary based on local industry and population growth.