Business & Finance Salem, OR Pop. 175,535

Insurance Underwriter Salary in Salem, Oregon

The median insurance underwriter salary in Salem, OR is $79,417 per year, which is 2.0% above the national median and 7.3% below the Oregon state average.

City Median
$79,417
vs State Avg
$-6,229
vs National
+$1,557
Cost of Living
102%

Insurance Underwriter Salary in Salem by Experience

In Salem, an entry-level insurance underwriter earns around $51,000, while experienced professionals earn up to $117,300 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$51,000
+$1,000 vs national
Mid Level (3-7 yrs)
$79,560
+$1,560 vs national
Senior Level (8+ yrs)
$117,300
+$2,300 vs national

Salary Percentiles in Salem, OR

Percentile Salem
10th Percentile $49,572
25th Percentile $62,424
Median (50th) $79,417
75th Percentile $102,000
90th Percentile $128,928

Insurance Underwriter Salary in Other Oregon Cities

Portland, OR
$91,875
Pop. 652,503
Hillsboro, OR
$87,203
Pop. 106,447
Gresham, OR
$84,089
Pop. 113,103
Eugene, OR
$81,753
Pop. 176,654

How to Become a Insurance Underwriter in Salem

Education

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

Find Insurance Underwriter Jobs in Salem

Browse open insurance underwriter positions in Salem, OR:

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Frequently Asked Questions: Insurance Underwriter Salary in Salem

How much does a Insurance Underwriter make in Salem, OR? ▼
The median insurance underwriter salary in Salem, Oregon is $79,417 per year, which is 2.0% above the national median of $77,860. Salaries range from $49,572 (10th percentile) to $128,928 (90th percentile).
How much does a Insurance Underwriter make per hour in Salem? ▼
Based on the median annual salary of $79,417, a insurance underwriter in Salem earns approximately $38 per hour assuming a standard 2,080-hour work year.
How does Salem compare to the Oregon state average for insurance underwriter pay? ▼
Salem's median insurance underwriter salary of $79,417 is 7.3% below the Oregon state average of $85,646. The local cost of living index is 102% of the national average.
What is the cost of living in Salem, OR? ▼
Salem has a cost of living index of 102% compared to the national average. This means a insurance underwriter salary of $79,417 in Salem has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Salem? ▼
Most insurance underwriter positions in Salem 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.