The annual salary statistics of insurance underwriters in Provo-Orem, Utah is shown in Table 1. The wage information of insurance underwriters in Provo-Orem 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 | $37,820 |
| 25th Percentile Wage | $45,120 |
| 50th Percentile Wage | $56,380 |
| 75th Percentile Wage | $74,360 |
| 90th Percentile Wage | $88,620 |
Table 1 shows the average annual salary for insurance underwriters in Provo-Orem, Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $88,620. The median (50th percentile) annual salary is $56,380. The average annual salary for the bottom 10 percent earners is $37,820.
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 | $56,380 | -35.49% | 30.86% |
| 2021 | $76,390 | 3.84% | - |
| 2020 | $73,460 | 30.48% | - |
| 2017 | $51,070 | -7.42% | - |
| 2016 | $54,860 | 27.83% | - |
| 2013 | $39,590 | 1.54% | - |
| 2012 | $38,980 | - | - |
From Table 3 we note that with a median annual salary of $56,380, Provo-Orem is the lowest paying city for insurance underwriters in state of Utah, following city of Salt Lake City (median annual salary of $64,840). Compared with the highest paying city Salt Lake City, the median annual salary of insurance underwriters in Provo-Orem is 13.0 percent (13.0%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Salt Lake City | |
| Ogden-Clearfield | |
| Provo-Orem |