The annual salary statistics of insurance underwriters in Indianapolis-Carmel, Indiana is shown in Table 1. The wage data of insurance underwriters in Indianapolis-Carmel 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 | $47,280 |
| 25th Percentile Wage | $59,790 |
| 50th Percentile Wage | $80,110 |
| 75th Percentile Wage | $99,110 |
| 90th Percentile Wage | $107,110 |
Table 1 shows the average annual salary for insurance underwriters in Indianapolis-Carmel, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $107,110. The median (50th percentile) annual salary is $80,110. The average annual salary for the bottom 10 percent earners is $47,280.
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 | $80,110 | 3.84% | 13.98% |
| 2021 | $77,030 | -1.05% | - |
| 2020 | $77,840 | 1.26% | - |
| 2019 | $76,860 | 4.55% | - |
| 2018 | $73,360 | 4.87% | - |
| 2017 | $69,790 | 3.81% | - |
| 2016 | $67,130 | 1.37% | - |
| 2015 | $66,210 | -0.20% | - |
| 2014 | $66,340 | -3.65% | - |
| 2013 | $68,760 | -0.22% | - |
| 2012 | $68,910 | - | - |
From Table 3 we note that with a median annual salary of $80,110, Indianapolis-Carmel is the highest paying city for insurance underwriters in state of Indiana, followed by Fort Wayne (median annual salary $64,230). In comparison, the median annual salary of insurance underwriters in Indianapolis-Carmel is 19.8 percent (19.8%) higher than that in Fort Wayne.
| Cities/Areas | Median Annual Salary |
|---|---|
| Indianapolis-Carmel | |
| Fort Wayne | |
| Central Indiana nonmetropolitan area |