The annual salary statistics of insurance underwriters in Baltimore-Towson, Maryland is shown in Table 1. The wage information of insurance underwriters in Baltimore-Towson 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 | $57,680 |
| 25th Percentile Wage | $68,000 |
| 50th Percentile Wage | $84,340 |
| 75th Percentile Wage | $99,960 |
| 90th Percentile Wage | $129,490 |
Table 1 shows the average annual salary for insurance underwriters in Baltimore-Towson, Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $129,490. The median (50th percentile) annual salary is $84,340. The average annual salary for the bottom 10 percent earners is $57,680.
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 | $84,340 | 11.18% | 21.91% |
| 2021 | $74,910 | 1.03% | - |
| 2020 | $74,140 | -18.73% | - |
| 2019 | $88,030 | 5.50% | - |
| 2018 | $83,190 | -2.04% | - |
| 2017 | $84,890 | 12.37% | - |
| 2016 | $74,390 | -0.43% | - |
| 2015 | $74,710 | 10.00% | - |
| 2014 | $67,240 | 3.55% | - |
| 2013 | $64,850 | -1.56% | - |
| 2012 | $65,860 | - | - |
From Table 3 we note that with a median annual salary of $84,340, Baltimore-Towson is the second highest paying city for insurance underwriters in state of Maryland, following the highest paying city Bethesda-Rockville-Frederick (median annual salary of $84,460). Compared with Bethesda-Rockville-Frederick, the median annual salary of insurance underwriters in Baltimore-Towson is .1 percent (.1%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Bethesda-Rockville-Frederick | |
| Baltimore-Towson | |
| Salisbury |