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salary information

Salary Information for a Underwriter in New Orleans, LA

Median salary:

This data reflects Total Cash for a Level 4 Underwriter at a mid-size company. To get more detailed information on total compensation for the role of Underwriter in New Orleans, LA, 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 New Orleans, LA?

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

71.2

Total Comp (TC)

Cost of Living (COL) Index
71.2
COL-Adjusted TC

Median Home Price

What are the responsibilities of an Underwriter in New Orleans, LA?

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 4 Underwriter?

A level 4 Underwriter in New Orleans, LA is an extremely seasoned professional, one who is able to solve most issues and problems and uses their skills to drive company objectives and achieve goals. Average experience 8 years.

Underwriter

Benchmark Role

Individual Contributor

Job Type

Underwriting

Job Family

Business

Job Area

Quality of Life in New Orleans, LA on a $98,325 Annual Income

Cost of Living

  • Overall Cost: The cost of living in New Orleans is slightly above the national average, driven by housing costs and utilities.
  • Groceries and Dining: Generally, prices align with the national average, with plenty of affordable local markets and dining options.
  • Transportation: Public transit is available but limited. Car ownership might be necessary, impacting transportation costs.

Housing Market

  • Home Prices: The median home price in New Orleans is higher than the national average, though more affordable than cities like San Francisco or New York.
  • Renting: Rent prices are competitive but can vary significantly between neighborhoods, offering both affordable and high-end options.
  • Neighborhoods: A wide range of neighborhoods provides options from historic homes in Uptown to modern apartments in the CBD.

Quality of Life

  • Cultural Scene: Rich cultural heritage with frequent festivals, music events, and a unique culinary scene.
  • Outdoor Activities: Access to parks and proximity to the Gulf Coast allows for recreational activities both within and outside the urban area.
  • Community Vibe: Known for its vibrant community spirit and Southern hospitality.

Access to Healthcare

  • Healthcare Facilities: Access to several highly regarded hospitals and health facilities.
  • Healthcare Costs: Medical expenses tend to be slightly above the national average, impacting overall cost of living.

Quality of K-12 Schools

  • Public Schools: Diverse options with varying performance; the state has invested in improving educational standards.
  • Private and Charter Schools: Several reputable private and charter schools provide alternatives, with competitive enrollment processes.

Summary

Living in New Orleans on a $98,325 salary offers a comfortable lifestyle with a rich cultural backdrop. The cost of living is manageable, though housing can be expensive depending on the neighborhood. Access to quality healthcare and education varies, urging careful consideration in selecting areas to live in. The city’s unique character and community vibe contribute significantly to a high quality of life, enhancing the overall living experience.

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OpenComp aggregates multiple data sources to provide accurate salary data for New Orleans, LA, specifically for a Level 4 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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