The annual salary statistics of insurance underwriters in Waterloo-Cedar Falls, Iowa is shown in Table 1. The wage information of insurance underwriters in Waterloo-Cedar Falls 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 | $45,430 |
| 25th Percentile Wage | $51,180 |
| 50th Percentile Wage | $65,150 |
| 75th Percentile Wage | $90,030 |
| 90th Percentile Wage | $100,420 |
Table 1 shows the average annual salary for insurance underwriters in Waterloo-Cedar Falls, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $100,420. The median (50th percentile) annual salary is $65,150. The average annual salary for the bottom 10 percent earners is $45,430.
The table and chart below show the trend of the median salary of insurance underwriters from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $65,150 | 1.93% | 11.53% |
| 2017 | $63,890 | 9.78% | - |
| 2016 | $57,640 | 21.27% | - |
| 2013 | $45,380 | -27.02% | - |
| 2012 | $57,640 | - | - |
From Table 3 we note that the median annual salary of $65,150 in Waterloo-Cedar Falls is in the middle of salary range for insurance underwriters in state of Iowa. In comparison, the annual salary of insurance underwriters in Waterloo-Cedar Falls is 33.5 percent (33.5%) lower than that in the highest paying Northeast Iowa nonmetropolitan area and 22.9 percent (22.9%) higher than that in the lowest paying Dubuque.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northeast Iowa nonmetropolitan area | |
| Des Moines-West Des Moines | |
| Davenport-Moline-Rock Island | |
| Waterloo-Cedar Falls | |
| Southwest Iowa nonmetropolitan area | |
| Northwest Iowa nonmetropolitan area | |
| Cedar Rapids | |
| Iowa City | |
| Southeast Iowa nonmetropolitan area | |
| Dubuque |