The annual salary statistics of insurance underwriters in Milwaukee-Waukesha-West Allis, Wisconsin is shown in Table 1. The wage data of insurance underwriters in Milwaukee-Waukesha-West Allis 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 | $56,630 |
| 25th Percentile Wage | $63,550 |
| 50th Percentile Wage | $81,240 |
| 75th Percentile Wage | $99,160 |
| 90th Percentile Wage | $107,420 |
Table 1 shows the average annual salary for insurance underwriters in Milwaukee-Waukesha-West Allis, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $107,420. The median (50th percentile) annual salary is $81,240. The average annual salary for the bottom 10 percent earners is $56,630.
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 | $81,240 | 0.43% | 28.69% |
| 2021 | $80,890 | 9.82% | - |
| 2020 | $72,950 | 2.74% | - |
| 2019 | $70,950 | 5.92% | - |
| 2018 | $66,750 | -3.10% | - |
| 2017 | $68,820 | 6.12% | - |
| 2016 | $64,610 | -2.88% | - |
| 2015 | $66,470 | 11.63% | - |
| 2014 | $58,740 | 0.12% | - |
| 2013 | $58,670 | 1.26% | - |
| 2012 | $57,930 | - | - |
From Table 3 we note that with a median annual salary of $81,240, Milwaukee-Waukesha-West Allis is the second highest paying city for insurance underwriters in state of Wisconsin, following the highest paying city South Central Wisconsin nonmetropolitan area (median annual salary of $97,620). Compared with South Central Wisconsin nonmetropolitan area, the median annual salary of insurance underwriters in Milwaukee-Waukesha-West Allis is 16.8 percent (16.8%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| South Central Wisconsin nonmetropolitan area | |
| Milwaukee-Waukesha-West Allis | |
| Madison | |
| Minneapolis-St Paul-Bloomington | |
| West Central Wisconsin nonmetropolitan area | |
| Green Bay | |
| Oshkosh-Neenah | |
| Appleton | |
| Wausau | |
| Lake County-Kenosha County | |
| Eau Claire | |
| Duluth | |
| Sheboygan | |
| La Crosse | |
| Southwestern Wisconsin nonmetropolitan area |