Business & Finance Norfolk, VA
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Insurance Underwriter Salary in Norfolk, Virginia
The median insurance underwriter salary in Norfolk, VA is $78,639 per year, which is 1.0% above the national median and 7.3% below the Virginia state average.
City Median
$78,639
vs State Avg
$-6,228
vs National
+$779
Cost of Living
96%
Insurance Underwriter Salary in Norfolk by Experience
In Norfolk, an entry-level insurance underwriter earns around $50,500, while experienced professionals earn up to $116,150 per year. The local cost of living index is 96% of the national average.
Entry Level (0-2 yrs)
$50,500
+$500 vs national
Mid Level (3-7 yrs)
$78,780
+$780 vs national
Senior Level (8+ yrs)
$116,150
+$1,150 vs national
Salary Percentiles in Norfolk, VA
| Percentile | Norfolk |
|---|---|
| 10th Percentile | $49,086 |
| 25th Percentile | $61,812 |
| Median (50th) | $78,639 |
| 75th Percentile | $101,000 |
| 90th Percentile | $127,664 |
Insurance Underwriter Salary in Other Virginia Cities
How to Become a Insurance Underwriter in Norfolk
Education
Most insurance underwriter positions require a bachelor's degree. Norfolk and the surrounding Virginia 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 Norfolk may vary based on local industry and population growth.