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

Sioux Falls, SD
$71,631
Pop. 192,517
Rapid City, SD
$70,074
Pop. 74,703
Brookings, SD
$66,960
Pop. 24,194
Aberdeen, SD
$65,402
Pop. 28,324

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.

Find Insurance Underwriter Jobs in Mitchell

Browse open insurance underwriter positions in Mitchell, SD:

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Frequently Asked Questions: Insurance Underwriter Salary in Mitchell

How much does a Insurance Underwriter make in Mitchell, SD? ▼
The median insurance underwriter salary in Mitchell, South Dakota is $63,845 per year, which is 18% below the national median of $77,860. Salaries range from $39,852 (10th percentile) to $103,648 (90th percentile).
How much does a Insurance Underwriter make per hour in Mitchell? ▼
Based on the median annual salary of $63,845, a insurance underwriter in Mitchell earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Mitchell compare to the South Dakota state average for insurance underwriter pay? ▼
Mitchell's median insurance underwriter salary of $63,845 is 6.8% below the South Dakota state average of $68,517. The local cost of living index is 82% of the national average.
What is the cost of living in Mitchell, SD? ▼
Mitchell has a cost of living index of 82% compared to the national average. This means a insurance underwriter salary of $63,845 in Mitchell has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Mitchell? ▼
Most insurance underwriter positions in Mitchell 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.