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salary information

Salary Information for a Underwriter in Los Angeles, CA

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 Los Angeles, CA, 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 Los Angeles, CA?

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

75.7

Total Comp (TC)

Cost of Living (COL) Index
75.7
COL-Adjusted TC

Median Home Price

What are the responsibilities of an Underwriter in Los Angeles, CA?

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 Los Angeles, CA 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 Los Angeles, CA for a $101,700 Salary

Living in Los Angeles, CA with a salary of $101,700 can be both rewarding and challenging depending on personal lifestyle and financial management. Below is a detailed overview of the quality of life, focusing on cost of living, housing, quality of life, healthcare access, and education compared to the broader United States.

Cost of Living

  • Overall Expenses: Los Angeles ranks higher than the national average for cost of living. Essentials such as groceries, transportation, and utilities are more expensive.
  • Transportation: Public transit options are available, but many opt for personal vehicles due to the city's sprawling layout. Gasoline prices are typically higher than the national average.
  • Utilities: Utility costs, including electricity, water, and internet, also trend higher than the national average.

Housing Market

  • Home Prices: The median home price in Los Angeles is significantly above the national median, making home ownership challenging for many.
  • Rental Market: Rent prices are often prohibitively high, which can consume a considerable portion of income, especially for single-income households.
  • Neighborhood Variance: Housing costs can vary widely depending on the neighborhood, with some areas more affordable than others.

Quality of Life

  • Cultural and Recreational Activities: Los Angeles offers a rich array of cultural attractions, dining, and entertainment options, contributing positively to quality of life.
  • Climate: The city’s Mediterranean climate is favorable, featuring mild, wet winters and hot, dry summers, enhancing outdoor recreational opportunities.
  • Traffic and Commute: Significant traffic congestion is a typical part of daily life, which can affect personal time and increase commuting stress.

Access to Healthcare

  • Healthcare Facilities: The city has a wealth of healthcare facilities, including top-rated hospitals and specialists.
  • Insurance Costs: Health insurance can be expensive, similar to other major cities, potentially impacting disposable income.

Quality of K-12 Schools

  • Public Schools: The quality of public education varies widely across different districts. Some schools are highly rated, while others face challenges.
  • Private Schools: Numerous private schooling options are available, often at a steep cost, appealing to families seeking specific educational environments.

Assessment

Living in Los Angeles with a salary of $101,700 provides access to a vibrant cultural environment and a favorable climate but comes with high

See salary information for the Underwriter role elsewhere in the United States

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OpenComp aggregates multiple data sources to provide accurate salary data for Los Angeles, CA, 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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