The annual salary statistics of insurance underwriters in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois is shown in Table 1. The wage information of insurance underwriters in Chicago-Joliet-Naperville (IL-IN-WI Area) 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 | $46,240 |
| 25th Percentile Wage | $61,430 |
| 50th Percentile Wage | $79,260 |
| 75th Percentile Wage | $103,600 |
| 90th Percentile Wage | $137,560 |
Table 1 shows the average annual salary for insurance underwriters in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $137,560. The median (50th percentile) annual salary is $79,260. The average annual salary for the bottom 10 percent earners is $46,240.
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 | $79,260 | 19.30% | 15.17% |
| 2021 | $63,960 | -21.97% | - |
| 2020 | $78,010 | 2.27% | - |
| 2019 | $76,240 | 4.07% | - |
| 2018 | $73,140 | -2.05% | - |
| 2017 | $74,640 | 3.30% | - |
| 2016 | $72,180 | 13.41% | - |
| 2015 | $62,500 | -0.54% | - |
| 2014 | $62,840 | -0.84% | - |
| 2013 | $63,370 | -6.11% | - |
| 2012 | $67,240 | - | - |
From Table 3 we note that with a median annual salary of $79,260, Chicago-Joliet-Naperville (IL-IN-WI Area) is the highest paying city for insurance underwriters in state of Illinois, followed by Chicago-Joliet-Naperville (IL Metropolitan Division) (median annual salary $75,230). In comparison, the median annual salary of insurance underwriters in Chicago-Joliet-Naperville (IL-IN-WI Area) is 5.1 percent (5.1%) higher than that in Chicago-Joliet-Naperville (IL Metropolitan Division).
| Cities/Areas | Median Annual Salary |
|---|---|
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| Chicago-Joliet-Naperville (IL Metropolitan Division) | |
| Peoria | |
| Springfield | |
| Rockford | |
| Northwest Illinois nonmetropolitan area | |
| Bloomington-Normal | |
| West Central Illinois nonmetropolitan area | |
| Bloomington | |
| East Central Illinois nonmetropolitan area |