The annual salary statistics of insurance underwriters in Lexington-Fayette, Kentucky is shown in Table 1. The wage statistics of insurance underwriters in Lexington-Fayette 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 | $40,160 |
| 25th Percentile Wage | $50,550 |
| 50th Percentile Wage | $61,870 |
| 75th Percentile Wage | $78,320 |
| 90th Percentile Wage | $94,160 |
Table 1 shows the average annual salary for insurance underwriters in Lexington-Fayette, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $94,160. The median (50th percentile) annual salary is $61,870. The average annual salary for the bottom 10 percent earners is $40,160.
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 | $61,870 | 1.29% | 32.54% |
| 2021 | $61,070 | -3.14% | - |
| 2020 | $62,990 | -12.03% | - |
| 2019 | $70,570 | -5.41% | - |
| 2018 | $74,390 | 9.77% | - |
| 2017 | $67,120 | 9.82% | - |
| 2016 | $60,530 | -14.95% | - |
| 2015 | $69,580 | 1.51% | - |
| 2014 | $68,530 | -1.74% | - |
| 2013 | $69,720 | 40.13% | - |
| 2012 | $41,740 | - | - |
From Table 3 we note that with a median annual salary of $61,870, Lexington-Fayette is the highest paying city for insurance underwriters in state of Kentucky, followed by Louisville-Jefferson County (median annual salary $60,150). In comparison, the median annual salary of insurance underwriters in Lexington-Fayette is 2.8 percent (2.8%) higher than that in Louisville-Jefferson County.
| Cities/Areas | Median Annual Salary |
|---|---|
| Lexington-Fayette | |
| Louisville-Jefferson County | |
| Evansville | |
| South Central Kentucky nonmetropolitan area |