The annual salary statistics of insurance underwriters in Philadelphia-Camden-Wilmington, Pennsylvania is shown in Table 1. The wage information of insurance underwriters in Philadelphia-Camden-Wilmington 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 | $60,860 |
| 25th Percentile Wage | $71,790 |
| 50th Percentile Wage | $83,130 |
| 75th Percentile Wage | $125,630 |
| 90th Percentile Wage | $162,200 |
Table 1 shows the average annual salary for insurance underwriters in Philadelphia-Camden-Wilmington, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $162,200. The median (50th percentile) annual salary is $83,130. The average annual salary for the bottom 10 percent earners is $60,860.
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 | $83,130 | 3.96% | 15.82% |
| 2021 | $79,840 | -3.71% | - |
| 2020 | $82,800 | 5.98% | - |
| 2019 | $77,850 | 2.16% | - |
| 2018 | $76,170 | 3.45% | - |
| 2017 | $73,540 | 0.10% | - |
| 2016 | $73,470 | 2.87% | - |
| 2015 | $71,360 | 1.16% | - |
| 2014 | $70,530 | -0.62% | - |
| 2013 | $70,970 | 1.39% | - |
| 2012 | $69,980 | - | - |
From Table 3 we note that with a median annual salary of $83,130, Philadelphia-Camden-Wilmington is the second highest paying city for insurance underwriters in state of Pennsylvania, following the highest paying city Newark-Union (median annual salary of $86,940). Compared with Newark-Union, the median annual salary of insurance underwriters in Philadelphia-Camden-Wilmington is 4.4 percent (4.4%) lower.