The annual salary statistics of tax preparers in Lexington-Fayette, Kentucky is shown in Table 1. The wage information of tax preparers in Lexington-Fayette 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 | $19,080 |
| 25th Percentile Wage | $28,680 |
| 50th Percentile Wage | $29,510 |
| 75th Percentile Wage | $47,810 |
| 90th Percentile Wage | $93,290 |
Table 1 shows the average annual salary for tax preparers in Lexington-Fayette, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $93,290. The median (50th percentile) annual salary is $29,510. The average annual salary for the bottom 10 percent earners is $19,080.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2021 | $29,510 | 16.27% | -12.54% |
| 2020 | $24,710 | 1.62% | - |
| 2019 | $24,310 | 0.99% | - |
| 2018 | $24,070 | -24.84% | - |
| 2014 | $30,050 | -10.52% | - |
| 2013 | $33,210 | - | - |
From Table 3 we note that the median annual salary of $29,510 in Lexington-Fayette is in the middle of salary range for tax preparers in state of Kentucky. In comparison, the annual salary of tax preparers in Lexington-Fayette is 30.1 percent (30.1%) lower than that in the highest paying Louisville-Jefferson County and 21.7 percent (21.7%) higher than that in the lowest paying East Kentucky nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Louisville-Jefferson County | |
| West Kentucky nonmetropolitan area | |
| Owensboro | |
| Evansville | |
| Elizabethtown | |
| Bowling Green | |
| West Central Kentucky nonmetropolitan area | |
| Lexington-Fayette | |
| South Central Kentucky nonmetropolitan area | |
| East Kentucky nonmetropolitan area |