The annual salary statistics of insurance underwriters in Nashville-Davidson--Murfreesboro--Franklin, Tennessee is shown in Table 1. The wage information of insurance underwriters in Nashville-Davidson--Murfreesboro--Franklin 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 | $44,910 |
| 25th Percentile Wage | $61,820 |
| 50th Percentile Wage | $76,800 |
| 75th Percentile Wage | $103,300 |
| 90th Percentile Wage | $136,830 |
Table 1 shows the average annual salary for insurance underwriters in Nashville-Davidson--Murfreesboro--Franklin, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $136,830. The median (50th percentile) annual salary is $76,800. The average annual salary for the bottom 10 percent earners is $44,910.
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 | $76,800 | 18.98% | 25.44% |
| 2021 | $62,220 | 1.33% | - |
| 2020 | $61,390 | -0.47% | - |
| 2019 | $61,680 | -10.15% | - |
| 2018 | $67,940 | -0.90% | - |
| 2017 | $68,550 | -1.88% | - |
| 2016 | $69,840 | 10.62% | - |
| 2015 | $62,420 | 1.46% | - |
| 2014 | $61,510 | 3.25% | - |
| 2013 | $59,510 | 3.78% | - |
| 2012 | $57,260 | - | - |
From Table 3 we note that with a median annual salary of $76,800, Nashville-Davidson--Murfreesboro--Franklin is the highest paying city for insurance underwriters in state of Tennessee, followed by Memphis (median annual salary $66,200). In comparison, the median annual salary of insurance underwriters in Nashville-Davidson--Murfreesboro--Franklin is 13.8 percent (13.8%) higher than that in Memphis.
| Cities/Areas | Median Annual Salary |
|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | |
| Memphis | |
| Knoxville | |
| Chattanooga |