The annual salary statistics of machinists in Fairbanks, Alaska is shown in Table 1. The wage data of machinists in Fairbanks 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 | $35,170 |
| 25th Percentile Wage | $38,850 |
| 50th Percentile Wage | $58,560 |
| 75th Percentile Wage | $72,770 |
| 90th Percentile Wage | $85,730 |
Table 1 shows the average annual salary for machinists in Fairbanks, Alaska in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $85,730. The median (50th percentile) annual salary is $58,560. The average annual salary for the bottom 10 percent earners is $35,170.
The table and chart below show the trend of the median salary of machinists from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $58,560 | -9.92% | -4.63% |
| 2018 | $64,370 | -3.53% | - |
| 2017 | $66,640 | 8.06% | - |
| 2015 | $61,270 | 0.00% | - |
| 2012 | $61,270 | - | - |
From Table 3 we note that with a median annual salary of $58,560, Fairbanks is the second highest paying city for machinists in state of Alaska, following the highest paying city Railbelt-Southwest Alaska nonmetropolitan area (median annual salary of $71,930). Compared with Railbelt-Southwest Alaska nonmetropolitan area, the median annual salary of machinists in Fairbanks is 18.6 percent (18.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Railbelt-Southwest Alaska nonmetropolitan area | |
| Fairbanks | |
| Anchorage | |
| Alaska nonmetropolitan area | |
| Southeast Alaska nonmetropolitan area |