The annual salary statistics of coil winders, tapers, and finishers in Indianapolis-Carmel, Indiana is shown in Table 1. The wage information of coil winders, tapers, and finishers 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 | $35,510 |
| 25th Percentile Wage | $45,750 |
| 50th Percentile Wage | $47,560 |
| 75th Percentile Wage | $51,940 |
| 90th Percentile Wage | $54,260 |
Table 1 shows the average annual salary for coil winders, tapers, and finishers 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 $54,260. The median (50th percentile) annual salary is $47,560. The average annual salary for the bottom 10 percent earners is $35,510.
The table and chart below show the trend of the median salary of coil winders, tapers, and finishers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $47,560 | -0.29% | 37.01% |
| 2021 | $47,700 | 15.26% | - |
| 2020 | $40,420 | 3.27% | - |
| 2019 | $39,100 | 5.19% | - |
| 2018 | $37,070 | 3.32% | - |
| 2017 | $35,840 | 6.03% | - |
| 2016 | $33,680 | 10.48% | - |
| 2013 | $30,150 | 0.63% | - |
| 2012 | $29,960 | - | - |
From Table 3 we note that with a median annual salary of $47,560, Indianapolis-Carmel is the highest paying city for coil winders, tapers, and finishers in state of Indiana, followed by Northern Indiana nonmetropolitan area (median annual salary $46,450). In comparison, the median annual salary of coil winders, tapers, and finishers in Indianapolis-Carmel is 2.3 percent (2.3%) higher than that in Northern Indiana nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Indianapolis-Carmel | |
| Northern Indiana nonmetropolitan area | |
| Elkhart-Goshen | |
| Fort Wayne | |
| Lafayette | |
| Central Indiana nonmetropolitan area |