The annual salary statistics of insurance underwriters in Portland-South Portland-Biddeford, Maine is shown in Table 1. The wage data of insurance underwriters in Portland-South Portland-Biddeford 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 | $58,010 |
| 25th Percentile Wage | $65,410 |
| 50th Percentile Wage | $85,190 |
| 75th Percentile Wage | $112,980 |
| 90th Percentile Wage | $137,780 |
Table 1 shows the average annual salary for insurance underwriters in Portland-South Portland-Biddeford, Maine in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $137,780. The median (50th percentile) annual salary is $85,190. The average annual salary for the bottom 10 percent earners is $58,010.
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 | $85,190 | 9.09% | 21.92% |
| 2021 | $77,450 | 14.63% | - |
| 2020 | $66,120 | 1.26% | - |
| 2019 | $65,290 | -3.46% | - |
| 2018 | $67,550 | 2.04% | - |
| 2017 | $66,170 | 0.91% | - |
| 2016 | $65,570 | -5.14% | - |
| 2015 | $68,940 | -11.56% | - |
| 2014 | $76,910 | 5.37% | - |
| 2013 | $72,780 | 8.60% | - |
| 2012 | $66,520 | - | - |
From Table 3 we note that with a median annual salary of $85,190, Portland-South Portland-Biddeford is the highest paying city for insurance underwriters in state of Maine, followed by Lewiston-Auburn (median annual salary $74,370). In comparison, the median annual salary of insurance underwriters in Portland-South Portland-Biddeford is 12.7 percent (12.7%) higher than that in Lewiston-Auburn.
| Cities/Areas | Median Annual Salary |
|---|---|
| Portland-South Portland-Biddeford | |
| Lewiston-Auburn |