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
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.