The annual salary statistics of insurance underwriters in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage data of insurance underwriters in Detroit-Warren-Livonia 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 | $50,970 |
| 25th Percentile Wage | $63,580 |
| 50th Percentile Wage | $66,360 |
| 75th Percentile Wage | $82,670 |
| 90th Percentile Wage | $100,970 |
Table 1 shows the average annual salary for insurance underwriters in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $100,970. The median (50th percentile) annual salary is $66,360. The average annual salary for the bottom 10 percent earners is $50,970.
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 | $66,360 | -15.20% | 13.88% |
| 2021 | $76,450 | 6.61% | - |
| 2020 | $71,400 | -0.67% | - |
| 2019 | $71,880 | 0.85% | - |
| 2018 | $71,270 | 13.37% | - |
| 2017 | $61,740 | -5.67% | - |
| 2016 | $65,240 | 2.87% | - |
| 2015 | $63,370 | 4.64% | - |
| 2014 | $60,430 | 6.30% | - |
| 2013 | $56,620 | -0.94% | - |
| 2012 | $57,150 | - | - |
From Table 3 we note that with a median annual salary of $66,360, Detroit-Warren-Livonia is the second highest paying city for insurance underwriters in state of Michigan, following the highest paying city Grand Rapids-Wyoming (median annual salary of $76,160). Compared with Grand Rapids-Wyoming, the median annual salary of insurance underwriters in Detroit-Warren-Livonia is 12.9 percent (12.9%) lower.
| 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 |