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salary information

Salary Information for a Underwriter in Kansas City, MO

Median salary:

This data reflects Total Cash for a Level 1 Underwriter at a mid-size company. To get more detailed information on total compensation for the role of Underwriter in Kansas City, MO, 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 Kansas City, MO?

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 Kansas City, MO?

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 1 Underwriter?

A level 1 Underwriter in Kansas City, MO is a developing professional and technical expertise. They are able to resolve routine issues and problems and have an average of 1 year of work experience.

Underwriter

Benchmark Role

Individual Contributor

Job Type

Underwriting

Job Family

Business

Job Area

Quality of Life in Kansas City, MO for an Income of $57,825

Cost of Living

  • Below National Average: Kansas City, MO generally offers a lower cost of living compared to the national average, making it a more affordable place for residents.
  • Affordable Essentials: Expenses like groceries, utilities, and transportation tend to be less expensive compared to many other large U.S. cities.
  • Dining & Entertainment: Dining out and local entertainment options are budget-friendly, allowing residents to enjoy leisure activities without significant financial strain.

Housing Market

  • Moderate Home Prices: The median home price in Kansas City is lower than the national median, which benefits homebuyers and those looking to invest in property.
  • Variety of Options: The city offers a diverse range of housing options, from historic homes to modern condos, at various price points suitable for different budgets.
  • Renting vs. Buying: Renting tends to be a cost-effective alternative due to competitive rental prices, offering flexibility for those not looking to purchase a home.

Quality of Life

  • Work-Life Balance: Kansas City provides a good work-life balance with reasonable commute times and abundant local amenities.
  • Community and Culture: The city has a rich cultural scene with numerous museums, theaters, and music festivals that contribute positively to residents' quality of life.
  • Outdoor Activities: Access to parks and recreational areas allows for an active lifestyle and opportunities for family-friendly activities.

Access to Healthcare

  • Healthcare Facilities: The presence of reputable hospitals and healthcare centers ensures that residents have access to quality medical care.
  • Healthcare Costs: While healthcare expenses can be significant, they are somewhat offset by the availability of both public and private health insurance plans that residents can utilize.

Quality of K-12 Schools

  • Diverse School Options: Kansas City offers a mix of public, charter, and private schools, providing families with various educational opportunities.
  • Educational Performance: School quality can vary; however, several high-performing schools are noted for their excellence in academics and extracurricular activities.
  • Community Involvement: Active community involvement and support provide students with enriched educational experiences.

Overall Assessment

Kansas City, MO, provides a comfortable and affordable lifestyle for someone earning $57,825 annually. The city's lower cost of living, combined with a reasonable housing market, contributes to a favorable financial outlook. Quality amenities, access to healthcare, and diverse educational opportunities further enhance the quality of life

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OpenComp aggregates multiple data sources to provide accurate salary data for Kansas City, MO, specifically for a Level 1 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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