The annual salary statistics of insurance underwriters in Portland-Vancouver-Hillsboro, Washington is shown in Table 1. The wage statistics of insurance underwriters in Portland-Vancouver-Hillsboro 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 | $57,990 |
| 25th Percentile Wage | $62,930 |
| 50th Percentile Wage | $80,500 |
| 75th Percentile Wage | $101,610 |
| 90th Percentile Wage | $120,530 |
Table 1 shows the average annual salary for insurance underwriters in Portland-Vancouver-Hillsboro, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $120,530. The median (50th percentile) annual salary is $80,500. The average annual salary for the bottom 10 percent earners is $57,990.
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 | $80,500 | 0.71% | 12.43% |
| 2021 | $79,930 | 3.14% | - |
| 2020 | $77,420 | 4.29% | - |
| 2019 | $74,100 | 3.45% | - |
| 2018 | $71,540 | 3.21% | - |
| 2017 | $69,240 | 4.97% | - |
| 2016 | $65,800 | -2.46% | - |
| 2015 | $67,420 | 6.81% | - |
| 2014 | $62,830 | -15.26% | - |
| 2013 | $72,420 | 2.67% | - |
| 2012 | $70,490 | - | - |
From Table 3 we note that with a median annual salary of $80,500, Portland-Vancouver-Hillsboro is the second highest paying city for insurance underwriters in state of Washington, following the highest paying city Seattle-Tacoma-Bellevue (median annual salary of $85,130). Compared with Seattle-Tacoma-Bellevue, the median annual salary of insurance underwriters in Portland-Vancouver-Hillsboro is 5.4 percent (5.4%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Seattle-Tacoma-Bellevue | |
| Portland-Vancouver-Hillsboro | |
| Spokane | |
| Seattle-Bellevue-Everett | |
| Bellingham | |
| Olympia | |
| Western Washington nonmetropolitan area |