The annual salary statistics of insurance underwriters in San Jose-Sunnyvale-Santa Clara, California is shown in Table 1. The wage information of insurance underwriters in San Jose-Sunnyvale-Santa Clara 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 | $76,980 |
| 25th Percentile Wage | $94,250 |
| 50th Percentile Wage | $117,680 |
| 75th Percentile Wage | $123,610 |
| 90th Percentile Wage | $152,410 |
Table 1 shows the average annual salary for insurance underwriters in San Jose-Sunnyvale-Santa Clara, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $152,410. The median (50th percentile) annual salary is $117,680. The average annual salary for the bottom 10 percent earners is $76,980.
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 | $117,680 | 22.89% | 54.04% |
| 2021 | $90,740 | 18.50% | - |
| 2020 | $73,950 | -4.53% | - |
| 2019 | $77,300 | -9.86% | - |
| 2018 | $84,920 | -0.20% | - |
| 2017 | $85,090 | 9.13% | - |
| 2016 | $77,320 | 30.04% | - |
| 2012 | $54,090 | - | - |
From Table 3 we note that with a median annual salary of $117,680, San Jose-Sunnyvale-Santa Clara is the highest paying city for insurance underwriters in state of California, followed by Santa Rosa-Petaluma (median annual salary $102,550). In comparison, the median annual salary of insurance underwriters in San Jose-Sunnyvale-Santa Clara is 12.9 percent (12.9%) higher than that in Santa Rosa-Petaluma.