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North Dakota Earnings
North Dakota Metropolitan Areas Wages
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Region
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Average
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Entry Level
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Experienced
|
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Bismarck MSA
|
$71,990 or $34.61/hr
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$54,790 or $26.34/hr
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$100,640 or $48.38/hr
|
|
Fargo ND-MN MSA
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$81,200 or $39.04/hr
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$55,710 or $26.79/hr
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$136,950 or $65.84/hr
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North Dakota's Employment and Outlook (State-wide)
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Outlook
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Decreasing Growth rate is estimated to be -9%
|
|
Job Openings
|
11 estimated annual job openings
|
|
Employment
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194 were employed in this occupation
|
|
Industries
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Large concentrations of this occupation are found in these industries
-
Insurance carriers (NAICS524100) (46.15%)
-
Agencies, brokerages, and other insurance related activities (NAICS524200) (26.44%)
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Regions with decreasing outlook (negative growth rate expected)
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Region
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Employment
|
Projected Growth Rate
|
Annual Openings (growth)
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Annual Openings (replacement)
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Annual Openings
|
|
Region 2
|
11
|
-9%
|
|
|
|
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Region 5
|
128
|
-9%
|
-1
|
9
|
8
|
|
Region 7
|
47
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-9%
|
|
3
|
3
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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
|
|
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The employment change from 2024 to 2034 is estimated to be -3%.
(The National average for all occupations is +3%)
|
|
Job Openings
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very small number
|
|
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Less than 1000 average annual openings are expected for this occupation between 2024 and 2034.
(The National Average for all occupations is 1,696 openings)
|
|
Employment
|
small occupation
|
|
|
This was a small occupation in the United States, employing 127,000 workers in 2024.
(The National average for all occupations is 152,838 workers)
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Growth
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Declining growth
|
|
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Automated underwriting software allows workers to process applications quickly, reducing the need for underwriters. As this technology continues to improve and become more widely adopted in the insurance industry, more underwriting decisions are expected to 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%)
- Insurance carriers and related activities (NAICS524000) (93.6%)
- Insurance carriers (NAICS524100) (64%)
- Direct insurance (except life, health, and medical) carriers (NAICS524120) (51.8%)
- Agencies, brokerages, and other insurance related activities (NAICS524200) (29.6%)
- Insurance agencies and brokerages (NAICS524210) (25.1%)
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