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salary information

Salary Information for a Underwriter in Colorado Springs, CO

Median salary:

This data reflects Total Cash for a Level 3 Underwriter at a mid-size company. To get more detailed information on total compensation for the role of Underwriter in Colorado Springs, CO, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

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Behind the numbers

What is the adjusted total comp for a Underwriter in Colorado Springs, CO?

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 Colorado Springs, CO?

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 3 Underwriter?

A level 3 Underwriter in Colorado Springs, CO is a seasoned professional with competence, creativity in wide range of technical areas. They resolves most issues and problems effectively. Average experience 5.5 years.

Underwriter

Benchmark Role

Individual Contributor

Job Type

Underwriting

Job Family

Business

Job Area

Quality of Life in Colorado Springs, CO on a $90,400 Salary

Overview

Living in Colorado Springs with an income of $90,400 offers a comfortable lifestyle, particularly when considering the area's cost of living and housing market. This income supports a balance between necessities, recreation, and savings, relative to the broader United States averages.

Cost of Living

  • General Costs: The cost of living in Colorado Springs is slightly above the national average, but not overwhelmingly high.
    • Groceries: Prices for food and everyday essentials are modestly higher than the national average.
    • Utilities: Costs are generally in line with national averages, making it manageable.
    • Transportation: Public transportation and fuel costs are reasonable but having a personal vehicle is often necessary.

Housing Market

  • Home Prices: The housing market in Colorado Springs is competitive, with home prices slightly above the national average.
    • Median Home Price: As of the latest data, the median home price hovers around $450,000.
    • Renting: Renting can be a practical option, with average rents not excessively high compared to other major cities.

Quality of Life

  • Outdoor Activities: Colorado Springs is renowned for its outdoor recreational options, including hiking, skiing, and mountain biking.
  • Community: A strong sense of community and a family-friendly environment enhance the quality of life.
  • Cultural Amenities: A variety of museums, parks, and events provide cultural enrichment.

Access to Healthcare

  • Healthcare Services: Colorado Springs offers robust healthcare facilities, including top-notch hospitals and specialized medical services.
  • Insurance Costs: Health insurance costs are generally consistent with national trends, but having a comprehensive plan is advisable.

Quality of K-12 Schools

  • Public Education: The public school system in Colorado Springs is well-regarded, with several schools receiving high ratings.
  • Private Schools: There are also numerous private schooling options, providing diverse educational opportunities.

Summary

Overall, a $90,400 salary in Colorado Springs, CO, facilitates a good standard of living. With its slightly above-average cost of living and competitive housing market, residents can enjoy a blend of outdoor activities, solid community life, access to quality healthcare, and reliable educational institutions. This makes Colorado Springs an attractive place for individuals and families looking for a lifestyle that balances affordability and enriching experiences.

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OpenComp aggregates multiple data sources to provide accurate salary data for Colorado Springs, CO, specifically for a Level 3 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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