The annual salary statistics of structural iron and steel workers in Hot Springs, Arkansas is shown in Table 1. The wage data of structural iron and steel workers 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 | $29,240 |
| 25th Percentile Wage | $32,410 |
| 50th Percentile Wage | $36,040 |
| 75th Percentile Wage | $40,420 |
| 90th Percentile Wage | $51,160 |
Table 1 shows the average annual salary for structural iron and steel workers 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 $51,160. The median (50th percentile) annual salary is $36,040. The average annual salary for the bottom 10 percent earners is $29,240.
The table and chart below show the trend of the median salary of structural iron and steel workers from 2012 to 2018. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $36,040 | 15.54% | 15.54% |
| 2013 | $30,440 | 0.00% | - |
| 2012 | $30,440 | - | - |
From Table 3 we note that with a median annual salary of $36,040, Hot Springs is the lowest paying city for structural iron and steel workers in state of Arkansas, following city of South Arkansas nonmetropolitan area (median annual salary of $50,720). Compared with the highest paying city South Arkansas nonmetropolitan area, the median annual salary of structural iron and steel workers in Hot Springs is 28.9 percent (28.9%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| South Arkansas nonmetropolitan area | |
| Little Rock-North Little Rock-Conway | |
| Central Arkansas nonmetropolitan area | |
| West Arkansas nonmetropolitan area | |
| Hot Springs |