The annual salary statistics of insurance underwriters in Charleston-North Charleston-Summerville, South Carolina is shown in Table 1. The wage data of insurance underwriters in Charleston-North Charleston-Summerville 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 | $50,140 |
| 25th Percentile Wage | $62,710 |
| 50th Percentile Wage | $77,890 |
| 75th Percentile Wage | $95,700 |
| 90th Percentile Wage | $130,320 |
Table 1 shows the average annual salary for insurance underwriters in Charleston-North Charleston-Summerville, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $130,320. The median (50th percentile) annual salary is $77,890. The average annual salary for the bottom 10 percent earners is $50,140.
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 | $77,890 | 18.32% | 39.99% |
| 2021 | $63,620 | -11.18% | - |
| 2020 | $70,730 | 4.59% | - |
| 2019 | $67,480 | 30.74% | - |
| 2016 | $46,740 | 0.77% | - |
| 2015 | $46,380 | -3.75% | - |
| 2014 | $48,120 | 2.87% | - |
| 2012 | $46,740 | - | - |
From Table 3 we note that the median annual salary of $77,890 in Charleston-North Charleston-Summerville is in the middle of salary range for insurance underwriters in state of South Carolina. In comparison, the annual salary of insurance underwriters in Charleston-North Charleston-Summerville is 34.4 percent (34.4%) lower than that in the highest paying Augusta-Richmond County and 51.2 percent (51.2%) higher than that in the lowest paying Spartanburg.
| Cities/Areas | Median Annual Salary |
|---|---|
| Augusta-Richmond County | |
| Charlotte-Gastonia-Rock Hill | |
| Charleston-North Charleston-Summerville | |
| Columbia | |
| Greenville-Mauldin-Easley | |
| Florence | |
| Myrtle Beach-North Myrtle Beach-Conway | |
| Low Country South Carolina nonmetropolitan area | |
| Spartanburg |