The annual salary statistics of insurance underwriters in Rochester, Minnesota is shown in Table 1. The wage information of insurance underwriters in Rochester 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 | $43,370 |
| 25th Percentile Wage | $47,210 |
| 50th Percentile Wage | $52,850 |
| 75th Percentile Wage | $60,080 |
| 90th Percentile Wage | $65,030 |
Table 1 shows the average annual salary for insurance underwriters in Rochester, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $65,030. The median (50th percentile) annual salary is $52,850. The average annual salary for the bottom 10 percent earners is $43,370.
The table and chart below show the trend of the median salary of insurance underwriters from 2012 to 2017. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $52,850 | 10.54% | 10.54% |
| 2016 | $47,280 | 0.00% | - |
| 2012 | $47,280 | - | - |
From Table 3 we note that with a median annual salary of $52,850, Rochester is the lowest paying city for insurance underwriters in state of Minnesota, following city of Southeast Minnesota nonmetropolitan area (median annual salary of $77,370). In comparison, the median annual salary of insurance underwriters in Rochester is 31.7 percent (31.7%) lower than that in the highest paying city Southeast Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Southeast Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area | |
| Rochester |