The annual salary statistics of machinists in Elkhart-Goshen, Indiana is shown in Table 1. The wage statistics of machinists in Elkhart-Goshen 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 | $31,950 |
| 25th Percentile Wage | $37,220 |
| 50th Percentile Wage | $41,270 |
| 75th Percentile Wage | $50,470 |
| 90th Percentile Wage | $59,120 |
Table 1 shows the average annual salary for machinists in Elkhart-Goshen, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $59,120. The median (50th percentile) annual salary is $41,270. The average annual salary for the bottom 10 percent earners is $31,950.
The table and chart below show the trend of the median salary of machinists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $41,270 | 5.40% | 22.92% |
| 2021 | $39,040 | -3.53% | - |
| 2020 | $40,420 | 0.20% | - |
| 2019 | $40,340 | 2.21% | - |
| 2018 | $39,450 | 5.96% | - |
| 2017 | $37,100 | 7.95% | - |
| 2016 | $34,150 | 4.42% | - |
| 2015 | $32,640 | 1.84% | - |
| 2014 | $32,040 | 4.87% | - |
| 2013 | $30,480 | -4.36% | - |
| 2012 | $31,810 | - | - |
From Table 3 we note that the median annual salary of $41,270 in Elkhart-Goshen is in the middle of salary range for machinists in state of Indiana. In comparison, the annual salary of machinists in Elkhart-Goshen is 27.4 percent (27.4%) lower than that in the highest paying Northern Indiana nonmetropolitan area and 39.5 percent (39.5%) higher than that in the lowest paying Anderson.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northern Indiana nonmetropolitan area | |
| Lafayette-West Lafayette | |
| Bloomington | |
| Lafayette | |
| Fort Wayne | |
| Indianapolis-Carmel | |
| Terre Haute | |
| Central Indiana nonmetropolitan area | |
| Columbus | |
| Michigan City-La Porte | |
| Southern Indiana nonmetropolitan area | |
| Kokomo | |
| Elkhart-Goshen | |
| Muncie | |
| Gary | |
| Anderson |