The annual salary statistics of insurance underwriters in Los Angeles-Long Beach-Glendale, California is shown in Table 1. The wage statistics of insurance underwriters in Los Angeles-Long Beach-Glendale 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 | $45,470 |
| 25th Percentile Wage | $57,550 |
| 50th Percentile Wage | $79,940 |
| 75th Percentile Wage | $115,810 |
| 90th Percentile Wage | $155,860 |
Table 1 shows the average annual salary for insurance underwriters in Los Angeles-Long Beach-Glendale, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $155,860. The median (50th percentile) annual salary is $79,940. The average annual salary for the bottom 10 percent earners is $45,470.
The table and chart below show the trend of the median salary of insurance underwriters from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $79,940 | 10.47% | 10.90% |
| 2016 | $71,570 | 10.98% | - |
| 2015 | $63,710 | -6.73% | - |
| 2014 | $68,000 | -6.47% | - |
| 2013 | $72,400 | 1.62% | - |
| 2012 | $71,230 | - | - |
From Table 3 we note that the median annual salary of $79,940 in Los Angeles-Long Beach-Glendale is in the middle of salary range for insurance underwriters in state of California. In comparison, the annual salary of insurance underwriters in Los Angeles-Long Beach-Glendale is 32.1 percent (32.1%) lower than that in the highest paying San Jose-Sunnyvale-Santa Clara and 23.9 percent (23.9%) higher than that in the lowest paying Santa Cruz-Watsonville.