The annual salary statistics of insurance underwriters in West Palm Beach-Boca Raton-Boynton Beach, Florida is shown in Table 1. The wage statistics of insurance underwriters in West Palm Beach-Boca Raton-Boynton Beach 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 | $39,640 |
| 25th Percentile Wage | $47,480 |
| 50th Percentile Wage | $64,200 |
| 75th Percentile Wage | $86,370 |
| 90th Percentile Wage | $99,090 |
Table 1 shows the average annual salary for insurance underwriters in West Palm Beach-Boca Raton-Boynton Beach, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,090. The median (50th percentile) annual salary is $64,200. The average annual salary for the bottom 10 percent earners is $39,640.
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 | $64,200 | 7.82% | 6.21% |
| 2016 | $59,180 | 0.46% | - |
| 2015 | $58,910 | 1.87% | - |
| 2013 | $57,810 | -4.15% | - |
| 2012 | $60,210 | - | - |
From Table 3 we note that the median annual salary of $64,200 in West Palm Beach-Boca Raton-Boynton Beach is in the middle of salary range for insurance underwriters in state of Florida. In comparison, the annual salary of insurance underwriters in West Palm Beach-Boca Raton-Boynton Beach is 33.2 percent (33.2%) lower than that in the highest paying Cape Coral-Fort Myers and 27.7 percent (27.7%) higher than that in the lowest paying Deltona-Daytona Beach-Ormond Beach.