The annual salary statistics of insurance underwriters in Birmingham-Hoover, Alabama is shown in Table 1. The wage data of insurance underwriters in Birmingham-Hoover is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $48,060 |
| 25th Percentile Wage | $50,000 |
| 50th Percentile Wage | $73,250 |
| 75th Percentile Wage | $94,870 |
| 90th Percentile Wage | $105,060 |
Table 1 shows the average annual salary for insurance underwriters in Birmingham-Hoover, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $105,060. The median (50th percentile) annual salary is $73,250. The average annual salary for the bottom 10 percent earners is $48,060.
The table and chart below show the trend of the median salary of insurance underwriters from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $73,250 | 15.09% | 33.79% |
| 2021 | $62,200 | -9.87% | - |
| 2020 | $68,340 | -7.11% | - |
| 2019 | $73,200 | 12.08% | - |
| 2018 | $64,360 | 0.06% | - |
| 2017 | $64,320 | 10.32% | - |
| 2016 | $57,680 | 1.79% | - |
| 2015 | $56,650 | 5.08% | - |
| 2014 | $53,770 | -3.24% | - |
| 2013 | $55,510 | 12.63% | - |
| 2012 | $48,500 | - | - |
From Table 3 we note that with a median annual salary of $73,250, Birmingham-Hoover is the second highest paying city for insurance underwriters in state of Alabama, following the highest paying city Huntsville (median annual salary of $94,680). Compared with Huntsville, the median annual salary of insurance underwriters in Birmingham-Hoover is 22.6 percent (22.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Huntsville | |
| Birmingham-Hoover | |
| Auburn-Opelika | |
| Montgomery | |
| Mobile | |
| Southwest Alabama nonmetropolitan area |