The annual salary statistics of structural iron and steel workers in Monroe, Louisiana is shown in Table 1. The wage data of structural iron and steel workers in Monroe 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 | $20,440 |
| 25th Percentile Wage | $36,990 |
| 50th Percentile Wage | $42,950 |
| 75th Percentile Wage | $54,300 |
| 90th Percentile Wage | $62,210 |
Table 1 shows the average annual salary for structural iron and steel workers in Monroe, Louisiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $62,210. The median (50th percentile) annual salary is $42,950. The average annual salary for the bottom 10 percent earners is $20,440.
The table and chart below show the trend of the median salary of structural iron and steel workers from 2012 to 2021. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $42,950 | -1.12% | 30.76% |
| 2020 | $43,430 | 27.84% | - |
| 2013 | $31,340 | 5.11% | - |
| 2012 | $29,740 | - | - |
From Table 3 we note that the median annual salary of $42,950 in Monroe is in the middle of salary range for structural iron and steel workers in state of Louisiana. In comparison, the annual salary of structural iron and steel workers in Monroe is 33.6 percent (33.6%) lower than that in the highest paying Baton Rouge and 23.6 percent (23.6%) higher than that in the lowest paying Alexandria.
| Cities/Areas | Median Annual Salary |
|---|---|
| Baton Rouge | |
| Lake Charles | |
| New Iberia nonmetropolitan area | |
| Southwest Louisiana nonmetropolitan area | |
| New Orleans-Metairie-Kenner | |
| Houma-Bayou Cane-Thibodaux | |
| Monroe | |
| Lafayette | |
| Shreveport-Bossier City | |
| Alexandria |