The annual salary statistics of insurance underwriters in Boston-Cambridge-Quincy, Massachusetts is shown in Table 1. The wage information of insurance underwriters in Boston-Cambridge-Quincy 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 | $51,000 |
| 25th Percentile Wage | $63,690 |
| 50th Percentile Wage | $80,220 |
| 75th Percentile Wage | $104,240 |
| 90th Percentile Wage | $146,140 |
Table 1 shows the average annual salary for insurance underwriters in Boston-Cambridge-Quincy, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $146,140. The median (50th percentile) annual salary is $80,220. The average annual salary for the bottom 10 percent earners is $51,000.
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 | $80,220 | 0.22% | 3.73% |
| 2016 | $80,040 | 4.79% | - |
| 2015 | $76,210 | 4.26% | - |
| 2014 | $72,960 | -0.95% | - |
| 2013 | $73,650 | -4.86% | - |
| 2012 | $77,230 | - | - |
From Table 3 we note that with a median annual salary of $80,220, Boston-Cambridge-Quincy is the second highest paying city for insurance underwriters in state of Massachusetts, following the highest paying city Boston-Cambridge-Quincy (median annual salary of $96,110). Compared with Boston-Cambridge-Quincy, the median annual salary of insurance underwriters in Boston-Cambridge-Quincy is 16.5 percent (16.5%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Boston-Cambridge-Quincy | |
| Boston-Cambridge-Quincy | |
| Worcester | |
| Peabody | |
| Brockton-Bridgewater-Easton | |
| Springfield | |
| Framingham |