Business & Finance Cranston, RI Pop. 82,934

Insurance Underwriter Salary in Cranston, Rhode Island

The median insurance underwriter salary in Cranston, RI is $79,417 per year, which is 2.0% above the national median and 4.7% below the Rhode Island state average.

City Median
$79,417
vs State Avg
$-3,893
vs National
+$1,557
Cost of Living
100%

Insurance Underwriter Salary in Cranston by Experience

In Cranston, 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 100% 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 Cranston, RI

Percentile Cranston
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 Rhode Island Cities

Providence, RI
$85,646
Pop. 190,934
Warwick, RI
$80,974
Pop. 82,823
East Providence, RI
$77,860
Pop. 47,139
Pawtucket, RI
$76,303
Pop. 75,604

How to Become a Insurance Underwriter in Cranston

Education

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

Find Insurance Underwriter Jobs in Cranston

Browse open insurance underwriter positions in Cranston, RI:

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Frequently Asked Questions: Insurance Underwriter Salary in Cranston

How much does a Insurance Underwriter make in Cranston, RI? ▼
The median insurance underwriter salary in Cranston, Rhode Island 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 Cranston? ▼
Based on the median annual salary of $79,417, a insurance underwriter in Cranston earns approximately $38 per hour assuming a standard 2,080-hour work year.
How does Cranston compare to the Rhode Island state average for insurance underwriter pay? ▼
Cranston's median insurance underwriter salary of $79,417 is 4.7% below the Rhode Island state average of $83,310. The local cost of living index is 100% of the national average.
What is the cost of living in Cranston, RI? ▼
Cranston has a cost of living index of 100% compared to the national average. This means a insurance underwriter salary of $79,417 in Cranston has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Cranston? ▼
Most insurance underwriter positions in Cranston 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.