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Insurance Underwriter Salary in Orlando, FL

How much does a insurance underwriter make in Orlando? Explore median, entry-level, and senior salaries adjusted for Orlando's cost of living.

Median Salary
$78,220
per year in Orlando
Entry Level
$46,932
Starting salary
Senior Level
$105,597
Experienced professionals
Cost of Living
111
11% above national avg

Salary Breakdown by Experience Level

See how insurance underwriter salaries break down across different pay periods in Orlando.

PeriodEntry LevelMedianSenior
Annual$46,932$78,220$105,597
Monthly$3,911$6,518$8,800
Biweekly$1,805$3,008$4,061
Weekly$903$1,504$2,031
Hourly$23$38$51

Orlando vs National Average

How Orlando's insurance underwriter salaries compare to national figures.

Orlando Salary
$78,220
COL Index: 111
National Average
$87,870
COL Index: 100
Difference
-$9,650
Lower in Orlando

Cost of Living in Orlando

1-Bedroom Rent
$1,600
per month
Median Income
$58,234
per year
Population
307,573
residents
Rent % of Income
33.0%
median household
Cost of Living Index: 111 — A score of 100 represents the U.S. average. Salaries in Orlando have been adjusted to account for local cost differences.

About Insurance Underwriter

Overview

Evaluate insurance applications and determine coverage and premiums.

Education

Bachelor's degree in Insurance or related field

Key Skills

Risk AssessmentPolicy AnalysisDecision MakingAttention to Detail

Growth Rate

Expected job growth: +14% over the next decade

Compare Cities: Insurance Underwriter Salary

See Insurance Underwriter salaries in other top cities.

New York, NY
$87,250
+12%
Los Angeles, CA
$93,760
+20%
Chicago, IL
$98,860
+26%
Houston, TX
$76,570
-2%
Phoenix, AZ
$74,080
-5%

Financial Tools to Explore

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Insurance Underwriter Salary in Orlando, FL — Complete Guide

Median Salary Overview

The median salary for a insurance underwriter in Orlando, FL is $78,220 per year, adjusted for the local cost of living index of 111. This figure reflects typical earnings for experienced professionals in this role, considering Orlando's unique economic conditions.

Salary Range and Experience Levels

Entry-level insurance underwriter professionals in Orlando can expect to earn around $46,932 annually. As professionals gain experience, salaries typically increase, with senior-level insurance underwriters earning approximately $105,597 per year. This represents a 125% increase from entry to senior level.

Cost of Living Adjustment

Orlando's cost of living index of 111 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Orlando are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $87,870, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a insurance underwriter's salary in Orlando typically goes toward housing. With a 1-bedroom apartment averaging $1,600 per month, housing represents about 24.5% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Insurance Underwriters are in growing demand across the United States, with an expected job growth of 14% over the next decade. In Orlando, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.