Business & Finance Rapid City, SD Pop. 74,703

Insurance Underwriter Salary in Rapid City, South Dakota

The median insurance underwriter salary in Rapid City, SD is $70,074 per year, which is 10% below the national median and 2.3% above the South Dakota state average.

City Median
$70,074
vs State Avg
+$1,557
vs National
$-7,786
Cost of Living
90%

Insurance Underwriter Salary in Rapid City by Experience

In Rapid City, an entry-level insurance underwriter earns around $45,000, while experienced professionals earn up to $103,500 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$45,000
$-5,000 vs national
Mid Level (3-7 yrs)
$70,200
$-7,800 vs national
Senior Level (8+ yrs)
$103,500
$-11,500 vs national

Salary Percentiles in Rapid City, SD

Percentile Rapid City
10th Percentile $43,740
25th Percentile $55,080
Median (50th) $70,074
75th Percentile $90,000
90th Percentile $113,760

Insurance Underwriter Salary in Other South Dakota Cities

Sioux Falls, SD
$71,631
Pop. 192,517
Brookings, SD
$66,960
Pop. 24,194
Aberdeen, SD
$65,402
Pop. 28,324
Mitchell, SD
$63,845
Pop. 15,660

How to Become a Insurance Underwriter in Rapid City

Education

Most insurance underwriter positions require a bachelor's degree. Rapid City 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 Rapid City may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Rapid City

Browse open insurance underwriter positions in Rapid City, SD:

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Frequently Asked Questions: Insurance Underwriter Salary in Rapid City

How much does a Insurance Underwriter make in Rapid City, SD? ▼
The median insurance underwriter salary in Rapid City, South Dakota is $70,074 per year, which is 10% below the national median of $77,860. Salaries range from $43,740 (10th percentile) to $113,760 (90th percentile).
How much does a Insurance Underwriter make per hour in Rapid City? ▼
Based on the median annual salary of $70,074, a insurance underwriter in Rapid City earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Rapid City compare to the South Dakota state average for insurance underwriter pay? ▼
Rapid City's median insurance underwriter salary of $70,074 is 2.3% above the South Dakota state average of $68,517. The local cost of living index is 90% of the national average.
What is the cost of living in Rapid City, SD? ▼
Rapid City has a cost of living index of 90% compared to the national average. This means a insurance underwriter salary of $70,074 in Rapid City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Rapid City? ▼
Most insurance underwriter positions in Rapid City 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.