The annual salary statistics of carpenters in Lafayette-West Lafayette, Indiana is shown in Table 1. The wage information of carpenters in Lafayette-West Lafayette 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 | $35,030 |
| 25th Percentile Wage | $40,050 |
| 50th Percentile Wage | $49,260 |
| 75th Percentile Wage | $65,180 |
| 90th Percentile Wage | $73,530 |
Table 1 shows the average annual salary for carpenters in Lafayette-West Lafayette, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $73,530. The median (50th percentile) annual salary is $49,260. The average annual salary for the bottom 10 percent earners is $35,030.
The table and chart below show the trend of the median salary of carpenters from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $49,260 | 2.68% | 23.28% |
| 2021 | $47,940 | 2.73% | - |
| 2020 | $46,630 | -2.49% | - |
| 2019 | $47,790 | 3.87% | - |
| 2018 | $45,940 | 7.66% | - |
| 2017 | $42,420 | 10.91% | - |
| 2016 | $37,790 | 0.08% | - |
| 2015 | $37,760 | -0.08% | - |
| 2012 | $37,790 | - | - |
From Table 3 we note that the median annual salary of $49,260 in Lafayette-West Lafayette is in the middle of salary range for carpenters in state of Indiana. In comparison, the annual salary of carpenters in Lafayette-West Lafayette is 19.0 percent (19.0%) lower than that in the highest paying Michigan City-La Porte and 27.9 percent (27.9%) higher than that in the lowest paying Anderson.
| Cities/Areas | Median Annual Salary |
|---|---|
| Michigan City-La Porte | |
| Elkhart-Goshen | |
| Indianapolis-Carmel | |
| Columbus | |
| Bloomington | |
| Fort Wayne | |
| Muncie | |
| Gary | |
| Lafayette-West Lafayette | |
| Terre Haute | |
| Kokomo | |
| Southern Indiana nonmetropolitan area | |
| Central Indiana nonmetropolitan area | |
| Lafayette | |
| Northern Indiana nonmetropolitan area | |
| Anderson |