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

Allentown, PA
$76,303
Pop. 126,092
Pittsburgh, PA
$75,524
Pop. 302,971
Reading, PA
$71,631
Pop. 95,112
Erie, PA
$68,517
Pop. 94,831

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.

Find Insurance Underwriter Jobs in Philadelphia

Browse open insurance underwriter positions in Philadelphia, PA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Philadelphia

How much does a Insurance Underwriter make in Philadelphia, PA? ▼
The median insurance underwriter salary in Philadelphia, Pennsylvania is $82,532 per year, which is 6.0% above the national median of $77,860. Salaries range from $51,516 (10th percentile) to $133,984 (90th percentile).
How much does a Insurance Underwriter make per hour in Philadelphia? ▼
Based on the median annual salary of $82,532, a insurance underwriter in Philadelphia earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Philadelphia compare to the Pennsylvania state average for insurance underwriter pay? ▼
Philadelphia's median insurance underwriter salary of $82,532 is 6.0% above the Pennsylvania state average of $77,860. The local cost of living index is 102% of the national average.
What is the cost of living in Philadelphia, PA? ▼
Philadelphia has a cost of living index of 102% compared to the national average. This means a insurance underwriter salary of $82,532 in Philadelphia has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Philadelphia? ▼
Most insurance underwriter positions in Philadelphia 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.