The annual salary statistics of insurance underwriters in North Port-Bradenton-Sarasota, Florida is shown in Table 1. The wage data of insurance underwriters in North Port-Bradenton-Sarasota 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 | $48,640 |
| 25th Percentile Wage | $59,750 |
| 50th Percentile Wage | $75,310 |
| 75th Percentile Wage | $103,110 |
| 90th Percentile Wage | $103,860 |
Table 1 shows the average annual salary for insurance underwriters in North Port-Bradenton-Sarasota, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $103,860. The median (50th percentile) annual salary is $75,310. The average annual salary for the bottom 10 percent earners is $48,640.
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 | $75,310 | 15.50% | 5.82% |
| 2021 | $63,640 | -3.14% | - |
| 2020 | $65,640 | -17.67% | - |
| 2019 | $77,240 | -0.57% | - |
| 2018 | $77,680 | 28.93% | - |
| 2017 | $55,210 | 4.37% | - |
| 2016 | $52,800 | 13.56% | - |
| 2015 | $45,640 | -29.38% | - |
| 2014 | $59,050 | -11.11% | - |
| 2013 | $65,610 | -8.11% | - |
| 2012 | $70,930 | - | - |
From Table 3 we note that the median annual salary of $75,310 in North Port-Bradenton-Sarasota is in the middle of salary range for insurance underwriters in state of Florida. In comparison, the annual salary of insurance underwriters in North Port-Bradenton-Sarasota is 21.6 percent (21.6%) lower than that in the highest paying Cape Coral-Fort Myers and 38.4 percent (38.4%) higher than that in the lowest paying Deltona-Daytona Beach-Ormond Beach.