The annual salary statistics of insurance underwriters in Lansing-East Lansing, Michigan is shown in Table 1. The wage information of insurance underwriters in Lansing-East Lansing 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 | $50,990 |
| 25th Percentile Wage | $50,990 |
| 50th Percentile Wage | $63,960 |
| 75th Percentile Wage | $79,270 |
| 90th Percentile Wage | $82,720 |
Table 1 shows the average annual salary for insurance underwriters in Lansing-East Lansing, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $82,720. The median (50th percentile) annual salary is $63,960. The average annual salary for the bottom 10 percent earners is $50,990.
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 | $63,960 | 3.03% | 3.31% |
| 2021 | $62,020 | 3.00% | - |
| 2020 | $60,160 | -4.01% | - |
| 2019 | $62,570 | 3.15% | - |
| 2018 | $60,600 | 7.64% | - |
| 2017 | $55,970 | -8.61% | - |
| 2016 | $60,790 | -0.51% | - |
| 2015 | $61,100 | -0.13% | - |
| 2014 | $61,180 | -6.33% | - |
| 2013 | $65,050 | 4.93% | - |
| 2012 | $61,840 | - | - |
From Table 3 we note that the median annual salary of $63,960 in Lansing-East Lansing is in the middle of salary range for insurance underwriters in state of Michigan. In comparison, the annual salary of insurance underwriters in Lansing-East Lansing is 16.0 percent (16.0%) lower than that in the highest paying Grand Rapids-Wyoming and 38.8 percent (38.8%) 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 |