Business & Finance Mitchell, SD Pop. 15,660

Insurance Underwriter Salary in Mitchell, South Dakota

The median insurance underwriter salary in Mitchell, SD is $63,845 per year, which is 18% below the national median and 6.8% below the South Dakota state average.

City Median
$63,845
vs State Avg
$-4,672
vs National
$-14,015
Cost of Living
82%

Insurance Underwriter Salary in Mitchell by Experience

In Mitchell, an entry-level insurance underwriter earns around $41,000, while experienced professionals earn up to $94,300 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$41,000
$-9,000 vs national
Mid Level (3-7 yrs)
$63,960
$-14,040 vs national
Senior Level (8+ yrs)
$94,300
$-20,700 vs national

Salary Percentiles in Mitchell, SD

Percentile Mitchell
10th Percentile $39,852
25th Percentile $50,184
Median (50th) $63,845
75th Percentile $82,000
90th Percentile $103,648

Insurance Underwriter Salary in Other South Dakota Cities

How to Become a Insurance Underwriter in Mitchell

Education

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