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salary information

Salary Information for a Underwriter in Philadelphia, PA

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 Philadelphia, PA, 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 Philadelphia, PA?

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

74.6

Total Comp (TC)

Cost of Living (COL) Index
74.6
COL-Adjusted TC

Median Home Price

What are the responsibilities of an Underwriter in Philadelphia, PA?

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 Philadelphia, PA 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 Philadelphia, PA for a $65,535 Salary

Living in Philadelphia, PA on a salary of $65,535 per year offers a unique lifestyle that depends on various factors such as cost of living, housing market, quality of life, access to healthcare, and quality of education. Below is an assessment of these aspects compared to the broader United States.

Cost of Living

  • Overall: Philadelphia's cost of living is relatively moderate compared to other major cities like New York and San Francisco but slightly above the national average.
  • Groceries and Utilities: Prices for groceries and utilities in Philadelphia are generally on par with the national average, providing residents with reasonable options for basic necessities.
  • Transportation: Public transportation is affordable and accessible, reducing the reliance on owning a vehicle, which helps manage living expenses.

Housing Market

  • Home Prices: The median home price in Philadelphia is lower than that of other major U.S. cities but higher than the national average, making it a more accessible market for potential homeowners on a $65,535 salary.
  • Rent: For renters, Philadelphia offers a variety of options ranging from affordable to luxury, allowing residents to find accommodations that match their budget and lifestyle preferences.

Quality of Life

  • Cultural and Recreational Opportunities: Philadelphia boasts a rich historical and cultural fabric with numerous museums, parks, and events that enhance the quality of life.
  • Dining and Entertainment: With a diverse and vibrant culinary scene, residents enjoy a wide array of dining options, contributing to the city's dynamic lifestyle.
  • Social and Community Life: Philadelphia's neighborhoods offer a strong sense of community, with numerous local events and activities that foster social connections.

Access to Healthcare

  • Healthcare Facilities: Philadelphia is home to several renowned hospitals and healthcare facilities, ensuring residents have access to high-quality medical care.
  • Healthcare Costs: While healthcare costs can be high, the availability of excellent facilities and services provides value to residents.

Quality of K-12 Schools

  • Public Schools: The quality of public schools in Philadelphia varies significantly by district, with some schools performing at or above the national average.
  • Private and Charter Schools: There are many private and charter school options available, offering alternatives for families seeking different educational environments.

Summary

Overall, living in Philadelphia on a $65,535 salary offers a moderate quality of life. The city's cost of

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OpenComp aggregates multiple data sources to provide accurate salary data for Philadelphia, PA, 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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