The annual salary statistics of insurance underwriters in Reno-Sparks, Nevada is shown in Table 1. The wage information of insurance underwriters in Reno-Sparks 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 | $49,780 |
| 25th Percentile Wage | $64,540 |
| 50th Percentile Wage | $64,540 |
| 75th Percentile Wage | $64,540 |
| 90th Percentile Wage | $64,540 |
Table 1 shows the average annual salary for insurance underwriters in Reno-Sparks, Nevada in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $64,540. The median (50th percentile) annual salary is $64,540. The average annual salary for the bottom 10 percent earners is $49,780.
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 | $64,540 | -19.85% | 27.50% |
| 2021 | $77,350 | 32.64% | - |
| 2020 | $52,100 | 1.73% | - |
| 2019 | $51,200 | -6.58% | - |
| 2018 | $54,570 | -0.53% | - |
| 2017 | $54,860 | -1.02% | - |
| 2016 | $55,420 | 3.66% | - |
| 2015 | $53,390 | 10.53% | - |
| 2014 | $47,770 | 2.09% | - |
| 2013 | $46,770 | -0.04% | - |
| 2012 | $46,790 | - | - |
From Table 3 we note that with a median annual salary of $64,540, Reno-Sparks is the second highest paying city for insurance underwriters in state of Nevada, following the highest paying city Las Vegas-Paradise (median annual salary of $65,540). Compared with Las Vegas-Paradise, the median annual salary of insurance underwriters in Reno-Sparks is 1.5 percent (1.5%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Las Vegas-Paradise | |
| Reno-Sparks |