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Oklahoma Earnings
Oklahoma Metropolitan Areas Wages
Region
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Average
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Entry Level
|
Experienced
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Oklahoma City MSA
|
$68,730 or $33.04/hr
|
$39,310 or $18.90/hr
|
$101,710 or $48.90/hr
|
Tulsa MSA
|
$70,720 or $34.00/hr
|
$47,000 or $22.60/hr
|
$102,530 or $49.29/hr
|
Oklahoma's Employment and Outlook (State-wide)
Outlook
|
Decreasing Growth rate is estimated to be -23%
|
Job Openings
|
30 estimated annual job openings
|
Employment
|
780 were employed in this occupation
|
Regions with stable outlook (0 to 20% growth rate expected)
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
Tulsa MSA
|
140
|
0%
|
|
N/A
|
10
|
Oklahoma City MSA
|
490
|
2%
|
1
|
N/A
|
36
|
National Earnings
Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.
Where do these numbers come from?
National Employment and Outlook
Outlook
|
decreasing
|
|
The employment change from 2021 to 2031 is estimated to be -5%.
(The National average for all occupations is +5%)
|
Job Openings
|
very small number
|
|
Less than 1000 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
|
Employment
|
small occupation
|
|
This was a small occupation in the United States, employing 123,300 workers in 2021.
(The National average for all occupations is 142,207 workers)
|
Growth
|
Declining growth
|
|
Automated underwriting software allows workers to process applications more quickly than before, reducing the need for as many underwriters. As this technology improves and becomes more widely adopted in the insurance industry, more underwriting decisions will likely be made automatically.
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Industries
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Large concentrations of this occupation are found in these industries
- Finance and insurance (NAICS520000) (95.2%)
- Insurance carriers and related activities (NAICS524000) (89.2%)
- Insurance carriers (NAICS524100) (57.3%)
- Direct insurance (except life, health, and medical) carriers (NAICS524120) (42.7%)
- Agencies, brokerages, and other insurance related activities (NAICS524200) (31.9%)
- Insurance agencies and brokerages (NAICS524210) (27%)
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