Business & Finance Orem, UT Pop. 97,499

Insurance Underwriter Salary in Orem, Utah

The median insurance underwriter salary in Orem, UT is $73,967 per year, which is 5% below the national median and 2.1% below the Utah state average.

City Median
$73,967
vs State Avg
$-1,557
vs National
$-3,893
Cost of Living
95%

Insurance Underwriter Salary in Orem by Experience

In Orem, an entry-level insurance underwriter earns around $47,500, while experienced professionals earn up to $109,250 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$47,500
$-2,500 vs national
Mid Level (3-7 yrs)
$74,100
$-3,900 vs national
Senior Level (8+ yrs)
$109,250
$-5,750 vs national

Salary Percentiles in Orem, UT

Percentile Orem
10th Percentile $46,170
25th Percentile $58,140
Median (50th) $73,967
75th Percentile $95,000
90th Percentile $120,080

Insurance Underwriter Salary in Other Utah Cities

How to Become a Insurance Underwriter in Orem

Education

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

Find Insurance Underwriter Jobs in Orem

Browse open insurance underwriter positions in Orem, UT:

Frequently Asked Questions: Insurance Underwriter Salary in Orem

How much does a Insurance Underwriter make in Orem, UT?
The median insurance underwriter salary in Orem, Utah is $73,967 per year, which is 5% below the national median of $77,860. Salaries range from $46,170 (10th percentile) to $120,080 (90th percentile).
How much does a Insurance Underwriter make per hour in Orem?
Based on the median annual salary of $73,967, a insurance underwriter in Orem earns approximately $36 per hour assuming a standard 2,080-hour work year.
How does Orem compare to the Utah state average for insurance underwriter pay?
Orem's median insurance underwriter salary of $73,967 is 2.1% below the Utah state average of $75,524. The local cost of living index is 95% of the national average.
What is the cost of living in Orem, UT?
Orem has a cost of living index of 95% compared to the national average. This means a insurance underwriter salary of $73,967 in Orem has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Orem?
Most insurance underwriter positions in Orem 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.