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Insurance Underwriter Salary in San Antonio, TX

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

Median Salary
$76,640
per year in San Antonio
Entry Level
$45,984
Starting salary
Senior Level
$103,464
Experienced professionals
Cost of Living
95
5% below national avg

Salary Breakdown by Experience Level

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

PeriodEntry LevelMedianSenior
Annual$45,984$76,640$103,464
Monthly$3,832$6,387$8,622
Biweekly$1,769$2,948$3,979
Weekly$884$1,474$1,990
Hourly$22$37$50

San Antonio vs National Average

How San Antonio's insurance underwriter salaries compare to national figures.

San Antonio Salary
$76,640
COL Index: 95
National Average
$87,870
COL Index: 100
Difference
-$11,230
Lower in San Antonio

Cost of Living in San Antonio

1-Bedroom Rent
$1,250
per month
Median Income
$52,641
per year
Population
1,547,253
residents
Rent % of Income
28.5%
median household
Cost of Living Index: 95 — A score of 100 represents the U.S. average. Salaries in San Antonio 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
+14%
Los Angeles, CA
$93,760
+22%
Chicago, IL
$98,860
+29%
Houston, TX
$76,570
0%
Phoenix, AZ
$74,080
-3%

Financial Tools to Explore

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Insurance Underwriter Salary in San Antonio, TX — Complete Guide

Median Salary Overview

The median salary for a insurance underwriter in San Antonio, TX is $76,640 per year, adjusted for the local cost of living index of 95. This figure reflects typical earnings for experienced professionals in this role, considering San Antonio's unique economic conditions.

Salary Range and Experience Levels

Entry-level insurance underwriter professionals in San Antonio can expect to earn around $45,984 annually. As professionals gain experience, salaries typically increase, with senior-level insurance underwriters earning approximately $103,464 per year. This represents a 125% increase from entry to senior level.

Cost of Living Adjustment

San Antonio's cost of living index of 95 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in San Antonio 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 San Antonio typically goes toward housing. With a 1-bedroom apartment averaging $1,250 per month, housing represents about 19.6% 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 San Antonio, 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.