The annual salary statistics of insurance underwriters in Raleigh-Cary, North Carolina is shown in Table 1. The wage data of insurance underwriters in Raleigh-Cary 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 | $49,040 |
| 25th Percentile Wage | $58,580 |
| 50th Percentile Wage | $64,590 |
| 75th Percentile Wage | $98,160 |
| 90th Percentile Wage | $109,820 |
Table 1 shows the average annual salary for insurance underwriters in Raleigh-Cary, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $109,820. The median (50th percentile) annual salary is $64,590. The average annual salary for the bottom 10 percent earners is $49,040.
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 | $64,590 | -19.74% | 21.66% |
| 2021 | $77,340 | 17.35% | - |
| 2020 | $63,920 | 1.22% | - |
| 2019 | $63,140 | -5.54% | - |
| 2018 | $66,640 | 7.56% | - |
| 2017 | $61,600 | 4.04% | - |
| 2016 | $59,110 | 6.01% | - |
| 2015 | $55,560 | 6.50% | - |
| 2014 | $51,950 | 3.37% | - |
| 2013 | $50,200 | -0.80% | - |
| 2012 | $50,600 | - | - |
From Table 3 we note that the median annual salary of $64,590 in Raleigh-Cary is in the middle of salary range for insurance underwriters in state of North Carolina. In comparison, the annual salary of insurance underwriters in Raleigh-Cary is 18.6 percent (18.6%) lower than that in the highest paying Durham-Chapel Hill and 22.2 percent (22.2%) higher than that in the lowest paying Northeastern North Carolina nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Durham-Chapel Hill | |
| Greensboro-High Point | |
| Goldsboro | |
| Burlington | |
| Western Central North Carolina nonmetropolitan area | |
| Raleigh-Cary | |
| Wilmington | |
| Winston-Salem | |
| Fayetteville | |
| Northeastern North Carolina nonmetropolitan area |