The annual salary statistics of bakers in Indianapolis-Carmel, Indiana is shown in Table 1. The wage statistics of bakers in Indianapolis-Carmel 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 | $25,580 |
| 25th Percentile Wage | $29,030 |
| 50th Percentile Wage | $32,290 |
| 75th Percentile Wage | $35,820 |
| 90th Percentile Wage | $40,180 |
Table 1 shows the average annual salary for bakers in Indianapolis-Carmel, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $40,180. The median (50th percentile) annual salary is $32,290. The average annual salary for the bottom 10 percent earners is $25,580.
The table and chart below show the trend of the median salary of bakers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $32,290 | 7.56% | 29.24% |
| 2021 | $29,850 | 13.17% | - |
| 2020 | $25,920 | 4.55% | - |
| 2019 | $24,740 | 2.83% | - |
| 2018 | $24,040 | 1.25% | - |
| 2017 | $23,740 | 0.84% | - |
| 2016 | $23,540 | 2.08% | - |
| 2015 | $23,050 | 0.56% | - |
| 2014 | $22,920 | -0.83% | - |
| 2013 | $23,110 | 1.13% | - |
| 2012 | $22,850 | - | - |
From Table 3 we note that with a median annual salary of $32,290, Indianapolis-Carmel is the highest paying city for bakers in state of Indiana, followed by Elkhart-Goshen (median annual salary $31,990). In comparison, the median annual salary of bakers in Indianapolis-Carmel is .9 percent (.9%) higher than that in Elkhart-Goshen.
| Cities/Areas | Median Annual Salary |
|---|---|
| Indianapolis-Carmel | |
| Elkhart-Goshen | |
| Michigan City-La Porte | |
| Central Indiana nonmetropolitan area | |
| Bloomington | |
| Fort Wayne | |
| Northern Indiana nonmetropolitan area | |
| Lafayette-West Lafayette | |
| Southern Indiana nonmetropolitan area | |
| Columbus | |
| Gary | |
| Terre Haute | |
| Kokomo | |
| Anderson | |
| Lafayette | |
| Muncie |