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salary information

Salary Information for a Underwriter in Sacramento, CA

Median salary:

This data reflects Total Cash for a Level 5 Underwriter at a mid-size company. To get more detailed information on total compensation for the role of Underwriter in Sacramento, 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 Sacramento, CA?

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

75.6

Total Comp (TC)

Cost of Living (COL) Index
75.6
COL-Adjusted TC

Median Home Price

What are the responsibilities of an Underwriter in Sacramento, 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 5 Underwriter?

A level 5 Underwriter in Sacramento, CA possesses a wide range of experience, and is looked to as a thought leader. Their work affects design, quality and timeline of entire product or service. Average experience 11 years.

Underwriter

Benchmark Role

Individual Contributor

Job Type

Underwriting

Job Family

Business

Job Area

Quality of Life in Sacramento, CA with a $136,510 Salary

With a salary of $136,510 per year in Sacramento, California, individuals can expect a comfortable quality of life when considering the cost of living, home prices, healthcare access, and education quality compared to broader United States averages.

Cost of Living

  • Overall Cost: The cost of living in Sacramento is slightly higher than the national average but significantly lower than other major California cities like San Francisco and Los Angeles.
  • Expenses:
    • Groceries and Dining: Moderate prices relative to income, with a variety of local and organic options available.
    • Utilities: Generally in line with national trends, though California's weather can lead to higher electricity costs in summer.

Housing Market

  • Home Prices:
    • Sacramento's housing market is more affordable compared to California's coastal cities but above the national median.
    • As of 2023, the median home price is approximately $450,000, demanding careful budgeting for home buyers.
  • Renting: Rental rates are also competitive, though a substantial portion of income may be required for a desirable location.

Quality of Life

  • Job Market: Diversified economy with strong sectors in government, technology, and healthcare.
  • Recreation: Proximity to outdoor activities such as hiking, biking, and the nearby Sierra Nevada mountains provide excellent options for leisure.

Access to Healthcare

  • Healthcare Quality: Sacramento boasts several high-quality hospitals and medical facilities.
  • Insurance and Services: Access to a wide range of healthcare providers, generally following California's comprehensive healthcare standards.

Quality of K-12 Schools

  • Public Education: Varied quality across districts, with some schools performing well above state and national averages.
  • Private and Charter Options: Availability of alternative schooling options that are well-regarded and contribute to educational diversity.

Summary

Living in Sacramento, CA, with an annual income of $136,510, offers a good balance between career opportunities and lifestyle. While the cost of living is slightly above the national average, it remains manageable and competitive compared to other large urban centers in California. The housing market requires thoughtful planning, though it is accessible relative to income. Sacramento provides robust healthcare access and varied educational opportunities, contributing to a well-rounded quality of life.

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OpenComp aggregates multiple data sources to provide accurate salary data for Sacramento, CA, specifically for a Level 5 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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