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What does a Insurance Underwriters salary really buy you in Illinois?
Illinois is near the US average cost of livingData: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19
Illinois's Regional Price Parity (RPP) is 101.3, meaning prices are 1.3% higher the national average. A Insurance Underwriters earning $89,620 in Illinois has the equivalent purchasing power of $88,469 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Illinois's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $59,730 | $58,963 | $-766 |
| 25th Percentile (P25) | $74,500 | $73,543 | $-956 |
| Median (P50) | $89,620 | $88,469 | $-1,150 |
| 75th Percentile (P75) | $125,330 | $123,721 | $-1,608 |
| 90th Percentile (P90) | $161,410 | $159,338 | $-2,071 |
Illinois's cost of living is close to the national average, so $89,620 keeps most of its value at $88,469 in real terms. Location choice here is more about career opportunities than cost arbitrage.
With an RPP of 101.3, Illinois is within a few percent of the national cost-of-living baseline. Salary adjustment for Insurance Underwriters is therefore minor — what you earn is close to what you'd keep in real purchasing power.
After adjusting for Illinois's cost of living, $89,620 nominal nets out to $88,470 in real purchasing power — a small 1.3% loss. The state's cost profile is close enough to average that COL alone shouldn't drive location decisions for this Insurance Underwriters.
Illinois sits at #14 of 49 states for Insurance Underwriters COL-adjusted salary — comfortably above the national midpoint.
Where does Insurance Underwriters salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Illinois ranks #14 out of 49 states for Insurance Underwriters after cost-of-living adjustment.
How much do you actually take home? See Insurance Underwriters take-home pay in Illinois after taxes →
A Insurance Underwriters in Illinois earns a median salary of $89,620 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $88,469 — a -1.3% difference.
Illinois's cost of living is 1.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Illinois is 101.3 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Insurance Underwriters in Illinois: $89,620 x (100 / 101.3) = $88,469. This represents what the salary would be worth in a state with average living costs.
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