Insurance Underwriter Salary Information in Michigan

The average annual and hourly salaries for insurance underwriters in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of insurance underwriters among Michigan cities is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Insurance Underwriters in Michigan

Percentile BracketAverage Annual Salary
10th Percentile Wage
$38,930
25th Percentile Wage
$48,040
50th Percentile Wage
$60,040
75th Percentile Wage
$75,270
90th Percentile Wage
$89,920

Table 1 shows the average annual salary for insurance underwriters in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $89,920. The median (50th percentile) annual salary is $60,040. The average annual salary for the bottom 10 percent is $38,930.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$18.72
25th Percentile Wage
$23.10
50th Percentile Wage
$28.86
75th Percentile Wage
$36.19
90th Percentile Wage
$43.23

Table 2 shows the average hourly salary for insurance underwriters in Michigan in 5 percentile scales. The average hourly salary for the 90th percentile is $43.23. The median hourly salary is $28.86. The average hourly salary for the bottom 10 percent is $18.72.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of insurance underwriters from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201660,0400.45%8.18%
201559,7704.17%-
201457,2802.32%-
201355,9501.47%-
201255,130--

Table 3. Median Annual Salary of Insurance Underwriters in Michigan Cities

Table 3 shows the median annual salary of insurance underwriters in some Michigan cities and metropolitan areas. We note that the median annual salary of insurance underwriters in state of Michigan ranges from $46,640 to $65,240. The highest paying area for insurance underwriters in Michigan is Detroit-Warren-Livonia with a median annual salary of $65,240. The second highest paying city/area in Michigan State is Warren-Troy-Farmington Hills (mean annual salary $60,870). The lowest paying area is Flint with a median annual salary of $46,640.

Cities/Areas Median Annual Salary
Detroit-Warren-Livonia
$65,240
Warren-Troy-Farmington Hills
$60,870
Lansing-East Lansing
$60,790
Grand Rapids-Wyoming
$58,190
Ann Arbor
$56,270
Detroit-Livonia-Dearborn
$56,140
Flint
$46,640



Related:

Highest paying cities for insurance underwriters

Highest paying industries for insurance underwriters.