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salary information

Salary Information for a Underwriter in Cleveland, OH

Median salary:

This data reflects Total Cash for a Level 2 Underwriter at a mid-size company. To get more detailed information on total compensation for the role of Underwriter in Cleveland, OH, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
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Behind the numbers

What is the adjusted total comp for a Underwriter in Cleveland, OH?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

Total Comp (TC)

Cost of Living (COL) Index
COL-Adjusted TC

Median Home Price

What are the responsibilities of an Underwriter in Cleveland, OH?

As an underwriter, it is your responsibility to assess and evaluate risks associated with insurance policies and ensure that they are in compliance with company standards and regulatory requirements. You must also analyze financial data to determine the appropriate premium rates and coverage terms for each policyholder. Additionally, you must maintain accurate records and communicate effectively with agents, brokers, and policyholders to provide excellent customer service.

What are the characteristics of a level 2 Underwriter?

A level 2 Underwriter in Cleveland, OH has well developed professional and technical expertise. Their work impacts the quality and timeline of part of a product or servie. They typically have 3 yearas of average experience.

Underwriter

Benchmark Role

Individual Contributor

Job Type

Underwriting

Job Family

Business

Job Area

Quality of Life in Cleveland, OH with a $79,920 Salary

Overview

Cleveland, Ohio, offers a distinctive quality of life that is significantly shaped by its cost of living, housing market, access to healthcare, and educational opportunities. For an individual earning $79,920 annually, the experience of living in Cleveland can vary compared to other regions of the United States.

Cost of Living

  • Below National Average: The cost of living in Cleveland is generally lower than the national average. Essential items and services, including groceries, transportation, and utilities, are more affordable than in many metropolitan areas.
  • Discretionary Spending: With lower basic living costs, residents have more disposable income for leisure, travel, and entertainment compared to residents in more expensive cities.

Housing Market

  • Affordable Housing: Cleveland's housing market is known for its affordability. The median home price is considerably lower than the national average, enabling homeownership for many earning an income like $79,920.
  • Diverse Options: There is a wide range of housing options, from suburban homes to urban apartments, providing choices that cater to different lifestyle preferences.

Quality of Life

  • Cultural and Recreational Activities: Cleveland offers a vibrant cultural scene, with many museums, theaters, and sports venues. Residents also enjoy recreational activities along the shores of Lake Erie.
  • Community and Lifestyle: The city is known for its strong community ties and friendly neighborhoods, which enhance the overall quality of life.

Access to Healthcare

  • Healthcare Institutions: Cleveland is home to some renowned healthcare institutions, such as the Cleveland Clinic and University Hospitals, which provide high-quality medical care.
  • Cost of Healthcare: While quality healthcare is accessible, costs can vary, impacting net disposable income for some residents.

Quality of K-12 Schools

  • Variety of Schools: Cleveland offers a mix of public, private, and charter schools, providing various educational opportunities.
  • School Performance: The performance of K-12 schools can vary significantly, with some areas providing excellent education and others working towards improvements.

Summary

For someone earning $79,920 per year, Cleveland presents a favorable environment, primarily due to the region's affordable cost of living and housing. The city provides excellent resources, like quality healthcare facilities and cultural activities, that enhance the living experience. However, the variability in school quality might require careful consideration for those with school-aged children. Overall, Cleveland offers a balanced

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OpenComp aggregates multiple data sources to provide accurate salary data for Cleveland, OH, specifically for a Level 2 Underwriter. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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