The annual salary statistics of insurance underwriters in Cleveland-Elyria-Mentor, Ohio is shown in Table 1. The wage data of insurance underwriters in Cleveland-Elyria-Mentor 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 | $50,460 |
| 25th Percentile Wage | $62,540 |
| 50th Percentile Wage | $79,650 |
| 75th Percentile Wage | $105,190 |
| 90th Percentile Wage | $132,450 |
Table 1 shows the average annual salary for insurance underwriters in Cleveland-Elyria-Mentor, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $132,450. The median (50th percentile) annual salary is $79,650. The average annual salary for the bottom 10 percent earners is $50,460.
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 | $79,650 | 0.99% | 26.37% |
| 2021 | $78,860 | 11.49% | - |
| 2020 | $69,800 | 4.51% | - |
| 2019 | $66,650 | 4.68% | - |
| 2018 | $63,530 | -13.57% | - |
| 2017 | $72,150 | 4.09% | - |
| 2016 | $69,200 | 6.71% | - |
| 2015 | $64,560 | 6.68% | - |
| 2014 | $60,250 | 3.20% | - |
| 2013 | $58,320 | -0.57% | - |
| 2012 | $58,650 | - | - |
From Table 3 we note that with a median annual salary of $79,650, Cleveland-Elyria-Mentor is the highest paying city for insurance underwriters in state of Ohio, followed by Canton-Massillon (median annual salary $79,240). In comparison, the median annual salary of insurance underwriters in Cleveland-Elyria-Mentor is .5 percent (.5%) higher than that in Canton-Massillon.
| Cities/Areas | Median Annual Salary |
|---|---|
| Cleveland-Elyria-Mentor | |
| Canton-Massillon | |
| Columbus | |
| Akron | |
| Cincinnati-Middletown | |
| Dayton | |
| West Northwestern Ohio nonmetropolitan area | |
| Toledo | |
| Other Ohio nonmetropolitan area |