The annual salary statistics of machinists in Waterloo-Cedar Falls, Iowa is shown in Table 1. The wage data of machinists in Waterloo-Cedar Falls 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 | $38,210 |
| 25th Percentile Wage | $46,730 |
| 50th Percentile Wage | $48,830 |
| 75th Percentile Wage | $60,030 |
| 90th Percentile Wage | $64,750 |
Table 1 shows the average annual salary for machinists in Waterloo-Cedar Falls, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $64,750. The median (50th percentile) annual salary is $48,830. The average annual salary for the bottom 10 percent earners is $38,210.
The table and chart below show the trend of the median salary of machinists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $48,830 | 2.03% | 22.69% |
| 2021 | $47,840 | 1.88% | - |
| 2020 | $46,940 | 14.89% | - |
| 2019 | $39,950 | 3.60% | - |
| 2018 | $38,510 | -6.70% | - |
| 2017 | $41,090 | -4.06% | - |
| 2016 | $42,760 | 1.22% | - |
| 2015 | $42,240 | 6.96% | - |
| 2014 | $39,300 | -4.17% | - |
| 2013 | $40,940 | 7.79% | - |
| 2012 | $37,750 | - | - |
From Table 3 we note that the median annual salary of $48,830 in Waterloo-Cedar Falls is in the middle of salary range for machinists in state of Iowa. In comparison, the annual salary of machinists in Waterloo-Cedar Falls is 5.4 percent (5.4%) lower than that in the highest paying Davenport-Moline-Rock Island and 5.0 percent (5.0%) higher than that in the lowest paying Northeast Iowa nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Davenport-Moline-Rock Island | |
| Des Moines-West Des Moines | |
| Cedar Rapids | |
| Iowa City | |
| Waterloo-Cedar Falls | |
| Northwest Iowa nonmetropolitan area | |
| Dubuque | |
| Ames | |
| Southeast Iowa nonmetropolitan area | |
| Southwest Iowa nonmetropolitan area | |
| Northeast Iowa nonmetropolitan area |