The annual salary statistics of mechanical engineers in Fairbanks, Alaska is shown in Table 1. The wage data of mechanical engineers 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 | $63,480 |
| 25th Percentile Wage | $78,000 |
| 50th Percentile Wage | $100,420 |
| 75th Percentile Wage | $116,770 |
| 90th Percentile Wage | $131,800 |
Table 1 shows the average annual salary for mechanical engineers in Fairbanks, Alaska in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $131,800. The median (50th percentile) annual salary is $100,420. The average annual salary for the bottom 10 percent earners is $63,480.
The table and chart below show the trend of the median salary of mechanical engineers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $100,420 | -1.88% | 16.79% |
| 2020 | $102,310 | 4.00% | - |
| 2019 | $98,220 | 2.96% | - |
| 2018 | $95,310 | -4.12% | - |
| 2014 | $99,240 | 17.31% | - |
| 2013 | $82,060 | -1.83% | - |
| 2012 | $83,560 | - | - |
From Table 3 we note that the median annual salary of $100,420 in Fairbanks is in the middle of salary range for mechanical engineers in state of Alaska. In comparison, the annual salary of mechanical engineers in Fairbanks is 9.0 percent (9.0%) lower than that in the highest paying Alaska nonmetropolitan area and 2.5 percent (2.5%) higher than that in the lowest paying Anchorage.
| Cities/Areas | Median Annual Salary |
|---|---|
| Alaska nonmetropolitan area | |
| Railbelt-Southwest Alaska nonmetropolitan area | |
| Fairbanks | |
| Anchorage |