The annual salary statistics of insurance underwriters in Seattle-Tacoma-Bellevue, Washington is shown in Table 1. The wage data of insurance underwriters in Seattle-Tacoma-Bellevue 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 | $61,300 |
| 25th Percentile Wage | $63,540 |
| 50th Percentile Wage | $85,130 |
| 75th Percentile Wage | $129,550 |
| 90th Percentile Wage | $154,530 |
Table 1 shows the average annual salary for insurance underwriters in Seattle-Tacoma-Bellevue, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $154,530. The median (50th percentile) annual salary is $85,130. The average annual salary for the bottom 10 percent earners is $61,300.
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 | $85,130 | -1.26% | 4.09% |
| 2021 | $86,200 | 4.11% | - |
| 2020 | $82,660 | 2.89% | - |
| 2019 | $80,270 | 3.31% | - |
| 2018 | $77,610 | 4.30% | - |
| 2017 | $74,270 | -2.52% | - |
| 2016 | $76,140 | 2.93% | - |
| 2015 | $73,910 | -0.89% | - |
| 2014 | $74,570 | -7.48% | - |
| 2013 | $80,150 | -1.87% | - |
| 2012 | $81,650 | - | - |
From Table 3 we note that with a median annual salary of $85,130, Seattle-Tacoma-Bellevue is the highest paying city for insurance underwriters in state of Washington, followed by Portland-Vancouver-Hillsboro (median annual salary $80,500). In comparison, the median annual salary of insurance underwriters in Seattle-Tacoma-Bellevue is 5.4 percent (5.4%) higher than that in Portland-Vancouver-Hillsboro.
| Cities/Areas | Median Annual Salary |
|---|---|
| Seattle-Tacoma-Bellevue | |
| Portland-Vancouver-Hillsboro | |
| Spokane | |
| Seattle-Bellevue-Everett | |
| Bellingham | |
| Olympia | |
| Western Washington nonmetropolitan area |