The annual salary statistics of insurance underwriters in Detroit-Livonia-Dearborn, Michigan is shown in Table 1. The wage information of insurance underwriters in Detroit-Livonia-Dearborn 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 | $39,580 |
| 25th Percentile Wage | $45,800 |
| 50th Percentile Wage | $56,320 |
| 75th Percentile Wage | $69,580 |
| 90th Percentile Wage | $84,460 |
Table 1 shows the average annual salary for insurance underwriters in Detroit-Livonia-Dearborn, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $84,460. The median (50th percentile) annual salary is $56,320. The average annual salary for the bottom 10 percent earners is $39,580.
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 | $56,320 | 0.32% | -4.10% |
| 2016 | $56,140 | -11.24% | - |
| 2015 | $62,450 | 5.83% | - |
| 2014 | $58,810 | -2.60% | - |
| 2013 | $60,340 | 2.83% | - |
| 2012 | $58,630 | - | - |
From Table 3 we note that the median annual salary of $56,320 in Detroit-Livonia-Dearborn is in the middle of salary range for insurance underwriters in state of Michigan. In comparison, the annual salary of insurance underwriters in Detroit-Livonia-Dearborn is 26.1 percent (26.1%) lower than that in the highest paying Grand Rapids-Wyoming and 30.5 percent (30.5%) higher than that in the lowest paying Northwest Lower Peninsula of Michigan nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Grand Rapids-Wyoming | |
| Detroit-Warren-Livonia | |
| Lansing-East Lansing | |
| Balance of Lower Peninsula of Michigan nonmetropolitan area | |
| Kalamazoo-Portage | |
| Warren-Troy-Farmington Hills | |
| Detroit-Livonia-Dearborn | |
| Ann Arbor | |
| Flint | |
| Northwest Lower Peninsula of Michigan nonmetropolitan area |