Insurance Underwriter Salary in Winston-Salem, NC
How much does a insurance underwriter make in Winston-Salem? Explore median, entry-level, and senior salaries adjusted for Winston-Salem's cost of living.
Salary Breakdown by Experience Level
See how insurance underwriter salaries break down across different pay periods in Winston-Salem.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $48,251 | $80,419 | $108,566 |
| Monthly | $4,021 | $6,702 | $9,047 |
| Biweekly | $1,856 | $3,093 | $4,176 |
| Weekly | $928 | $1,547 | $2,088 |
| Hourly | $23 | $39 | $52 |
Winston-Salem vs National Average
How Winston-Salem's insurance underwriter salaries compare to national figures.
Cost of Living in Winston-Salem
About Insurance Underwriter
Overview
Evaluate insurance applications and determine coverage and premiums.
Education
Bachelor's degree in Insurance or related field
Key Skills
Growth Rate
Expected job growth: +14% over the next decade
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Insurance Underwriter Salary in Winston-Salem, NC — Complete Guide
Median Salary Overview
The median salary for a insurance underwriter in Winston-Salem, NC is $80,419 per year, adjusted for the local cost of living index of 104. This figure reflects typical earnings for experienced professionals in this role, considering Winston-Salem's unique economic conditions.
Salary Range and Experience Levels
Entry-level insurance underwriter professionals in Winston-Salem can expect to earn around $48,251 annually. As professionals gain experience, salaries typically increase, with senior-level insurance underwriters earning approximately $108,566 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Winston-Salem's cost of living index of 104 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Winston-Salem 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 Winston-Salem typically goes toward housing. With a 1-bedroom apartment averaging $1,400 per month, housing represents about 20.9% 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 Winston-Salem, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.