The annual salary statistics of auto damage insurance appraisers in Richmond, Virginia is shown in Table 1. The wage data of auto damage insurance appraisers in Richmond 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 | $51,780 |
| 25th Percentile Wage | $60,520 |
| 50th Percentile Wage | $64,680 |
| 75th Percentile Wage | $78,400 |
| 90th Percentile Wage | $78,740 |
Table 1 shows the average annual salary for auto damage insurance appraisers in Richmond, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $78,740. The median (50th percentile) annual salary is $64,680. The average annual salary for the bottom 10 percent earners is $51,780.
The table and chart below show the trend of the median salary of auto damage insurance appraisers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $64,680 | -37.74% | 11.94% |
| 2020 | $89,090 | 4.65% | - |
| 2018 | $84,950 | 24.69% | - |
| 2017 | $63,980 | 4.25% | - |
| 2015 | $61,260 | 0.00% | - |
| 2014 | $61,260 | -1.37% | - |
| 2013 | $62,100 | 8.28% | - |
| 2012 | $56,960 | - | - |
From Table 3 we note that with a median annual salary of $64,680, Richmond is the second highest paying city for auto damage insurance appraisers in state of Virginia, following the highest paying city Virginia Beach-Norfolk-Newport News (median annual salary of $75,700). Compared with Virginia Beach-Norfolk-Newport News, the median annual salary of auto damage insurance appraisers in Richmond is 14.6 percent (14.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Virginia Beach-Norfolk-Newport News | |
| Richmond | |
| Roanoke |