The annual salary statistics of industrial machinery mechanics in Lafayette, Indiana is shown in Table 1. The wage information of industrial machinery mechanics in 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 | $40,430 |
| 25th Percentile Wage | $45,090 |
| 50th Percentile Wage | $55,700 |
| 75th Percentile Wage | $68,300 |
| 90th Percentile Wage | $74,560 |
Table 1 shows the average annual salary for industrial machinery mechanics in Lafayette, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $74,560. The median (50th percentile) annual salary is $55,700. The average annual salary for the bottom 10 percent earners is $40,430.
The table and chart below show the trend of the median salary of industrial machinery mechanics from 2012 to 2014. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 2-Year Growth |
|---|---|---|---|
| 2014 | $55,700 | 7.54% | 18.13% |
| 2013 | $51,500 | 11.46% | - |
| 2012 | $45,600 | - | - |
From Table 3 we note that the median annual salary of $55,700 in Lafayette is in the middle of salary range for industrial machinery mechanics in state of Indiana. In comparison, the annual salary of industrial machinery mechanics in Lafayette is 29.3 percent (29.3%) lower than that in the highest paying Kokomo and 9.7 percent (9.7%) higher than that in the lowest paying Anderson.