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salary information

Salary Information for a Underwriter in Honolulu, HI

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 Honolulu, HI, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Underwriter in Honolulu, HI?

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

87.5

Total Comp (TC)

Cost of Living (COL) Index
87.5
COL-Adjusted TC

Median Home Price

What are the responsibilities of an Underwriter in Honolulu, HI?

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 Honolulu, HI 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 Honolulu, HI on a $90,400 Salary

Living in Honolulu, Hawaii, offers a unique blend of urban and island life, but it comes with specific financial considerations. For an individual earning $90,400 annually, understanding the cost of living, housing, healthcare, and education landscape can provide insight into their quality of life.

Cost of Living in Honolulu

  • Higher than National Average: Honolulu consistently ranks as one of the most expensive cities in the United States.
  • Grocery and Utilities: Prices for groceries and utilities are significantly higher than the national average due to shipping costs.
  • Transportation: With limited island space, transportation can be costly if relying on a personal vehicle, though public transportation is available.

Housing Market

  • Home Prices: The median home price in Honolulu far exceeds the national average, often reaching beyond $1 million.
  • Rental Market: Renting is a popular choice, but rental prices remain steep, averaging above $2,000 for a one-bedroom apartment.
  • Limited Space: The geographic limitations of the island contribute to high demand and limited inventory, keeping prices elevated.

Quality of Life

  • Natural Beauty: Access to beautiful beaches, lush parks, and outdoor activities enhances overall life satisfaction.
  • Community and Culture: A rich cultural history and a diverse community create a vibrant living environment.
  • Leisure Options: Tourism-driven amenities provide ample entertainment, dining, and shopping opportunities.

Access to Healthcare

  • Comprehensive Care: Honolulu offers a range of healthcare services with several highly-rated hospitals.
  • Healthcare Costs: Costs are on the higher end, but the quality of care is generally excellent.

Quality of K-12 Schools

  • Public Education: Public schools in Honolulu have mixed reviews, with some highly-rated schools and others facing challenges.
  • Private Schools: There is a substantial number of private and charter schools offering quality education options at a cost.

Summary

Living in Honolulu with a $90,400 annual income poses some challenges related to cost of living and housing, which are significantly higher than the national average. However, the city offers a high quality of life with its natural beauty, vibrant community, and abundant leisure activities. Healthcare access is good, albeit costly, and educational opportunities vary, with notable options available for families seeking quality schooling. Balancing these facets, a middle to high-income individual

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OpenComp aggregates multiple data sources to provide accurate salary data for Honolulu, HI, 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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