The annual salary statistics of insurance underwriters in Minneapolis-St Paul-Bloomington, Wisconsin is shown in Table 1. The wage statistics of insurance underwriters in Minneapolis-St Paul-Bloomington 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 | $50,230 |
| 25th Percentile Wage | $62,020 |
| 50th Percentile Wage | $78,670 |
| 75th Percentile Wage | $100,130 |
| 90th Percentile Wage | $127,840 |
Table 1 shows the average annual salary for insurance underwriters in Minneapolis-St Paul-Bloomington, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $127,840. The median (50th percentile) annual salary is $78,670. The average annual salary for the bottom 10 percent earners is $50,230.
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 | $78,670 | 2.69% | 24.05% |
| 2021 | $76,550 | -2.40% | - |
| 2020 | $78,390 | 5.26% | - |
| 2019 | $74,270 | 12.27% | - |
| 2018 | $65,160 | 4.31% | - |
| 2017 | $62,350 | -1.33% | - |
| 2016 | $63,180 | -0.52% | - |
| 2015 | $63,510 | 2.24% | - |
| 2014 | $62,090 | 0.84% | - |
| 2013 | $61,570 | 2.96% | - |
| 2012 | $59,750 | - | - |
From Table 3 we note that the median annual salary of $78,670 in Minneapolis-St Paul-Bloomington is in the middle of salary range for insurance underwriters in state of Wisconsin. In comparison, the annual salary of insurance underwriters in Minneapolis-St Paul-Bloomington is 19.4 percent (19.4%) lower than that in the highest paying South Central Wisconsin nonmetropolitan area and 49.6 percent (49.6%) higher than that in the lowest paying Southwestern Wisconsin nonmetropolitan area.
| 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 |