The annual salary statistics of insurance underwriters in Utica-Rome, New York is shown in Table 1. The wage data of insurance underwriters in Utica-Rome 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 | $50,770 |
| 25th Percentile Wage | $63,300 |
| 50th Percentile Wage | $81,600 |
| 75th Percentile Wage | $103,900 |
| 90th Percentile Wage | $128,740 |
Table 1 shows the average annual salary for insurance underwriters in Utica-Rome, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $128,740. The median (50th percentile) annual salary is $81,600. The average annual salary for the bottom 10 percent earners is $50,770.
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 | $81,600 | 5.83% | 29.47% |
| 2021 | $76,840 | -1.16% | - |
| 2020 | $77,730 | 6.68% | - |
| 2019 | $72,540 | -11.28% | - |
| 2018 | $80,720 | 1.46% | - |
| 2017 | $79,540 | 0.64% | - |
| 2016 | $79,030 | 12.68% | - |
| 2015 | $69,010 | 10.46% | - |
| 2014 | $61,790 | 11.99% | - |
| 2013 | $54,380 | -5.83% | - |
| 2012 | $57,550 | - | - |
From Table 3 we note that the median annual salary of $81,600 in Utica-Rome is in the middle of salary range for insurance underwriters in state of New York. In comparison, the annual salary of insurance underwriters in Utica-Rome is 17.7 percent (17.7%) lower than that in the highest paying New York-Northern New Jersey-Long Island and 41.8 percent (41.8%) higher than that in the lowest paying Southwest New York nonmetropolitan area.