Business & Finance Philadelphia, PA Pop. 1,603,797

Insurance Underwriter Salary in Philadelphia, Pennsylvania

The median insurance underwriter salary in Philadelphia, PA is $82,532 per year, which is 6.0% above the national median and 6.0% above the Pennsylvania state average.

City Median
$82,532
vs State Avg
+$4,672
vs National
+$4,672
Cost of Living
102%

Insurance Underwriter Salary in Philadelphia by Experience

In Philadelphia, an entry-level insurance underwriter earns around $53,000, while experienced professionals earn up to $121,900 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$53,000
+$3,000 vs national
Mid Level (3-7 yrs)
$82,680
+$4,680 vs national
Senior Level (8+ yrs)
$121,900
+$6,900 vs national

Salary Percentiles in Philadelphia, PA

Percentile Philadelphia
10th Percentile $51,516
25th Percentile $64,872
Median (50th) $82,532
75th Percentile $106,000
90th Percentile $133,984

Insurance Underwriter Salary in Other Pennsylvania Cities

How to Become a Insurance Underwriter in Philadelphia

Education

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