The annual salary statistics of mechanical insulation workers in Colorado Springs, Colorado is shown in Table 1. The wage statistics of mechanical insulation workers in Colorado 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 | $35,140 |
| 25th Percentile Wage | $40,910 |
| 50th Percentile Wage | $47,110 |
| 75th Percentile Wage | $54,670 |
| 90th Percentile Wage | $62,670 |
Table 1 shows the average annual salary for mechanical insulation workers in Colorado Springs, Colorado in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $62,670. The median (50th percentile) annual salary is $47,110. The average annual salary for the bottom 10 percent earners is $35,140.
The table and chart below show the trend of the median salary of mechanical insulation workers from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $47,110 | 8.05% | 15.90% |
| 2019 | $43,320 | 9.65% | - |
| 2015 | $39,140 | -1.74% | - |
| 2014 | $39,820 | -0.78% | - |
| 2013 | $40,130 | 1.27% | - |
| 2012 | $39,620 | - | - |
From Table 3 we note that with a median annual salary of $47,110, Colorado Springs is the second highest paying city for mechanical insulation workers in state of Colorado, following the highest paying city Denver-Aurora-Broomfield (median annual salary of $49,880). Compared with Denver-Aurora-Broomfield, the median annual salary of mechanical insulation workers in Colorado Springs is 5.6 percent (5.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Denver-Aurora-Broomfield | |
| Colorado Springs | |
| Greeley | |
| Northcentral Colorado nonmetropolitan area | |
| Grand Junction |