The annual salary statistics of insurance underwriters in Newark-Union, Pennsylvania is shown in Table 1. The wage statistics of insurance underwriters in Newark-Union 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 | $53,890 |
| 25th Percentile Wage | $65,730 |
| 50th Percentile Wage | $86,940 |
| 75th Percentile Wage | $117,730 |
| 90th Percentile Wage | $158,900 |
Table 1 shows the average annual salary for insurance underwriters in Newark-Union, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $158,900. The median (50th percentile) annual salary is $86,940. The average annual salary for the bottom 10 percent earners is $53,890.
The table and chart below show the trend of the median salary of insurance underwriters from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $86,940 | -0.37% | 6.63% |
| 2016 | $87,260 | 3.06% | - |
| 2015 | $84,590 | -5.83% | - |
| 2014 | $89,520 | 3.30% | - |
| 2013 | $86,570 | 6.23% | - |
| 2012 | $81,180 | - | - |
From Table 3 we note that with a median annual salary of $86,940, Newark-Union is the highest paying city for insurance underwriters in state of Pennsylvania, followed by Philadelphia-Camden-Wilmington (median annual salary $83,130). In comparison, the median annual salary of insurance underwriters in Newark-Union is 4.4 percent (4.4%) higher than that in Philadelphia-Camden-Wilmington.