The annual salary statistics of tax preparers in Lafayette-West Lafayette, Indiana is shown in Table 1. The wage data of tax preparers in Lafayette-West 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 | $29,120 |
| 25th Percentile Wage | $31,180 |
| 50th Percentile Wage | $31,180 |
| 75th Percentile Wage | $38,950 |
| 90th Percentile Wage | $58,310 |
Table 1 shows the average annual salary for tax preparers in Lafayette-West Lafayette, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $58,310. The median (50th percentile) annual salary is $31,180. The average annual salary for the bottom 10 percent earners is $29,120.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $31,180 | 3.75% | -23.64% |
| 2021 | $30,010 | -1.67% | - |
| 2020 | $30,510 | 0.82% | - |
| 2019 | $30,260 | 2.08% | - |
| 2018 | $29,630 | 10.87% | - |
| 2017 | $26,410 | -45.97% | - |
| 2016 | $38,550 | 0.70% | - |
| 2015 | $38,280 | -0.71% | - |
| 2012 | $38,550 | - | - |
From Table 3 we note that the median annual salary of $31,180 in Lafayette-West Lafayette is in the middle of salary range for tax preparers in state of Indiana. In comparison, the annual salary of tax preparers in Lafayette-West Lafayette is 44.0 percent (44.0%) lower than that in the highest paying Indianapolis-Carmel and 7.9 percent (7.9%) higher than that in the lowest paying Kokomo.
| Cities/Areas | Median Annual Salary |
|---|---|
| Indianapolis-Carmel | |
| Lafayette | |
| Fort Wayne | |
| Michigan City-La Porte | |
| Bloomington | |
| Central Indiana nonmetropolitan area | |
| Terre Haute | |
| Southern Indiana nonmetropolitan area | |
| Northern Indiana nonmetropolitan area | |
| Gary | |
| Elkhart-Goshen | |
| Lafayette-West Lafayette | |
| Kokomo |