The annual salary statistics of mechanical engineers in Hot Springs, Arkansas is shown in Table 1. The wage data of mechanical engineers in Hot Springs 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 | $47,060 |
| 25th Percentile Wage | $53,370 |
| 50th Percentile Wage | $65,900 |
| 75th Percentile Wage | $77,930 |
| 90th Percentile Wage | $92,120 |
Table 1 shows the average annual salary for mechanical engineers in Hot Springs, Arkansas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $92,120. The median (50th percentile) annual salary is $65,900. The average annual salary for the bottom 10 percent earners is $47,060.
The table and chart below show the trend of the median salary of mechanical engineers from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $65,900 | 0.23% | -0.96% |
| 2019 | $65,750 | -3.10% | - |
| 2018 | $67,790 | -2.79% | - |
| 2017 | $69,680 | 4.52% | - |
| 2015 | $66,530 | 0.00% | - |
| 2012 | $66,530 | - | - |
From Table 3 we note that the median annual salary of $65,900 in Hot Springs is in the middle of salary range for mechanical engineers in state of Arkansas. In comparison, the annual salary of mechanical engineers in Hot Springs is 19.3 percent (19.3%) lower than that in the highest paying West Arkansas nonmetropolitan area and 4.9 percent (4.9%) higher than that in the lowest paying Jonesboro.
| Cities/Areas | Median Annual Salary |
|---|---|
| West Arkansas nonmetropolitan area | |
| East Arkansas nonmetropolitan area | |
| Little Rock-North Little Rock-Conway | |
| South Arkansas nonmetropolitan area | |
| Hot Springs | |
| Central Arkansas nonmetropolitan area | |
| Jonesboro |