The annual salary statistics of insurance underwriters in Cincinnati-Middletown, Ohio is shown in Table 1. The wage information of insurance underwriters in Cincinnati-Middletown 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 | $53,200 |
| 25th Percentile Wage | $61,640 |
| 50th Percentile Wage | $76,460 |
| 75th Percentile Wage | $97,380 |
| 90th Percentile Wage | $105,180 |
Table 1 shows the average annual salary for insurance underwriters in Cincinnati-Middletown, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $105,180. The median (50th percentile) annual salary is $76,460. The average annual salary for the bottom 10 percent earners is $53,200.
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 | $76,460 | 0.01% | 20.61% |
| 2021 | $76,450 | 12.64% | - |
| 2020 | $66,790 | -8.46% | - |
| 2019 | $72,440 | 1.67% | - |
| 2018 | $71,230 | 3.06% | - |
| 2017 | $69,050 | 10.98% | - |
| 2016 | $61,470 | 1.81% | - |
| 2015 | $60,360 | -2.92% | - |
| 2014 | $62,120 | -1.05% | - |
| 2013 | $62,770 | 3.30% | - |
| 2012 | $60,700 | - | - |
From Table 3 we note that the median annual salary of $76,460 in Cincinnati-Middletown is in the middle of salary range for insurance underwriters in state of Ohio. In comparison, the annual salary of insurance underwriters in Cincinnati-Middletown is 4.0 percent (4.0%) lower than that in the highest paying Cleveland-Elyria-Mentor and 19.5 percent (19.5%) higher than that in the lowest paying Other Ohio nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Cleveland-Elyria-Mentor | |
| Canton-Massillon | |
| Columbus | |
| Akron | |
| Cincinnati-Middletown | |
| Dayton | |
| West Northwestern Ohio nonmetropolitan area | |
| Toledo | |
| Other Ohio nonmetropolitan area |