The annual salary statistics of insurance underwriters in Providence-Fall River-Warwick, Rhode Island is shown in Table 1. The wage statistics of insurance underwriters in Providence-Fall River-Warwick 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 | $51,760 |
| 25th Percentile Wage | $64,110 |
| 50th Percentile Wage | $79,000 |
| 75th Percentile Wage | $108,820 |
| 90th Percentile Wage | $137,560 |
Table 1 shows the average annual salary for insurance underwriters in Providence-Fall River-Warwick, Rhode Island in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $137,560. The median (50th percentile) annual salary is $79,000. The average annual salary for the bottom 10 percent earners is $51,760.
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 | $79,000 | 1.96% | 26.65% |
| 2021 | $77,450 | 10.26% | - |
| 2020 | $69,500 | -1.77% | - |
| 2019 | $70,730 | 2.43% | - |
| 2018 | $69,010 | -4.56% | - |
| 2017 | $72,160 | 5.34% | - |
| 2016 | $68,310 | 3.65% | - |
| 2015 | $65,820 | 7.46% | - |
| 2014 | $60,910 | 1.67% | - |
| 2013 | $59,890 | 3.24% | - |
| 2012 | $57,950 | - | - |
From Table 3 we note that with a median annual salary of $79,000, Providence-Fall River-Warwick is the highest paying city for insurance underwriters in state of Rhode Island, followed by Norwich-New London (median annual salary $75,800). In comparison, the median annual salary of insurance underwriters in Providence-Fall River-Warwick is 4.1 percent (4.1%) higher than that in Norwich-New London.
| Cities/Areas | Median Annual Salary |
|---|---|
| Providence-Fall River-Warwick | |
| Norwich-New London |