The annual salary statistics of mechanical insulation workers in Indianapolis-Carmel, Indiana is shown in Table 1. The wage data of mechanical insulation workers 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 | $41,750 |
| 25th Percentile Wage | $60,840 |
| 50th Percentile Wage | $74,390 |
| 75th Percentile Wage | $74,760 |
| 90th Percentile Wage | $75,370 |
Table 1 shows the average annual salary for mechanical insulation workers 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 $75,370. The median (50th percentile) annual salary is $74,390. The average annual salary for the bottom 10 percent earners is $41,750.
The table and chart below show the trend of the median salary of mechanical insulation workers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $74,390 | 17.96% | -27.85% |
| 2021 | $61,030 | -9.54% | - |
| 2020 | $66,850 | -3.01% | - |
| 2019 | $68,860 | 6.06% | - |
| 2018 | $64,690 | 23.94% | - |
| 2017 | $49,200 | 6.38% | - |
| 2016 | $46,060 | -16.28% | - |
| 2015 | $53,560 | -18.37% | - |
| 2014 | $63,400 | -6.36% | - |
| 2013 | $67,430 | -41.05% | - |
| 2012 | $95,110 | - | - |
From Table 3 we note that with a median annual salary of $74,390, Indianapolis-Carmel is the second highest paying city for mechanical insulation workers in state of Indiana, following the highest paying city Gary (median annual salary of $107,710). Compared with Gary, the median annual salary of mechanical insulation workers in Indianapolis-Carmel is 30.9 percent (30.9%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Gary | |
| Indianapolis-Carmel | |
| Fort Wayne |