The annual salary statistics of machinists in Indianapolis-Carmel, Indiana is shown in Table 1. The wage data of machinists 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 | $36,530 |
| 25th Percentile Wage | $38,390 |
| 50th Percentile Wage | $46,440 |
| 75th Percentile Wage | $51,640 |
| 90th Percentile Wage | $64,150 |
Table 1 shows the average annual salary for machinists 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 $64,150. The median (50th percentile) annual salary is $46,440. The average annual salary for the bottom 10 percent earners is $36,530.
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 | $46,440 | -4.22% | 15.96% |
| 2021 | $48,400 | 9.15% | - |
| 2020 | $43,970 | -2.82% | - |
| 2019 | $45,210 | 2.57% | - |
| 2018 | $44,050 | 1.52% | - |
| 2017 | $43,380 | 5.30% | - |
| 2016 | $41,080 | 0.27% | - |
| 2015 | $40,970 | 3.10% | - |
| 2014 | $39,700 | 0.45% | - |
| 2013 | $39,520 | 1.24% | - |
| 2012 | $39,030 | - | - |
From Table 3 we note that the median annual salary of $46,440 in Indianapolis-Carmel is in the middle of salary range for machinists in state of Indiana. In comparison, the annual salary of machinists in Indianapolis-Carmel is 18.3 percent (18.3%) lower than that in the highest paying Northern Indiana nonmetropolitan area and 46.3 percent (46.3%) 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 |