Business & Finance Sioux Falls, SD Pop. 192,517

Insurance Underwriter Salary in Sioux Falls, South Dakota

The median insurance underwriter salary in Sioux Falls, SD is $71,631 per year, which is 8% below the national median and 4.5% above the South Dakota state average.

City Median
$71,631
vs State Avg
+$3,114
vs National
$-6,229
Cost of Living
92%

Insurance Underwriter Salary in Sioux Falls by Experience

In Sioux Falls, an entry-level insurance underwriter earns around $46,000, while experienced professionals earn up to $105,800 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$46,000
$-4,000 vs national
Mid Level (3-7 yrs)
$71,760
$-6,240 vs national
Senior Level (8+ yrs)
$105,800
$-9,200 vs national

Salary Percentiles in Sioux Falls, SD

Percentile Sioux Falls
10th Percentile $44,712
25th Percentile $56,304
Median (50th) $71,631
75th Percentile $92,000
90th Percentile $116,288

Insurance Underwriter Salary in Other South Dakota Cities

Rapid City, SD
$70,074
Pop. 74,703
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 Sioux Falls

Education

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

Find Insurance Underwriter Jobs in Sioux Falls

Browse open insurance underwriter positions in Sioux Falls, SD:

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Frequently Asked Questions: Insurance Underwriter Salary in Sioux Falls

How much does a Insurance Underwriter make in Sioux Falls, SD? ▼
The median insurance underwriter salary in Sioux Falls, South Dakota is $71,631 per year, which is 8% below the national median of $77,860. Salaries range from $44,712 (10th percentile) to $116,288 (90th percentile).
How much does a Insurance Underwriter make per hour in Sioux Falls? ▼
Based on the median annual salary of $71,631, a insurance underwriter in Sioux Falls earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Sioux Falls compare to the South Dakota state average for insurance underwriter pay? ▼
Sioux Falls's median insurance underwriter salary of $71,631 is 4.5% above the South Dakota state average of $68,517. The local cost of living index is 92% of the national average.
What is the cost of living in Sioux Falls, SD? ▼
Sioux Falls has a cost of living index of 92% compared to the national average. This means a insurance underwriter salary of $71,631 in Sioux Falls has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Sioux Falls? ▼
Most insurance underwriter positions in Sioux Falls 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.