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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$39,890
25th Percentile Wage
$47,040
50th Percentile Wage
$58,940
75th Percentile Wage
$75,050
90th Percentile Wage
$94,220

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 $94,220. The median (50th percentile) annual salary is $58,940. The average annual salary for the bottom 10 percent is $39,890.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of insurance underwriters from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$58,940
-1.87% 6.46%
2016
$60,040
0.45% -
2015
$59,770
4.17% -
2014
$57,280
2.32% -
2013
$55,950
1.47% -
2012
$55,130
- -

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 $37,950 to $69,080. The highest paying area for insurance underwriters in Michigan is Grand Rapids-Wyoming with a median annual salary of $69,080. The second highest paying city/area in Michigan State is Detroit-Warren-Livonia (mean annual salary $61,740). The lowest paying area is Balance of Lower Peninsula of Michigan nonmetropolitan area with a median annual salary of $37,950.

Cities/Areas Median Annual Salary
Grand Rapids-Wyoming
$69,080
Detroit-Warren-Livonia
$61,740
Warren-Troy-Farmington Hills
$60,870
Detroit-Livonia-Dearborn
$56,320
Ann Arbor
$56,270
Lansing-East Lansing
$55,970
Flint
$46,640
Northwest Lower Peninsula of Michigan nonmetropolitan area
$39,120
Balance of Lower Peninsula of Michigan nonmetropolitan area
$37,950




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💰 Highest paying cities for insurance underwriters

💰 Highest paying industries for insurance underwriters.