The annual salary statistics of food preparation workers in Peabody, Massachusetts is shown in Table 1. The wage statistics of food preparation workers in Peabody 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 | $23,160 |
| 25th Percentile Wage | $24,250 |
| 50th Percentile Wage | $27,080 |
| 75th Percentile Wage | $34,410 |
| 90th Percentile Wage | $38,710 |
Table 1 shows the average annual salary for food preparation workers in Peabody, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $38,710. The median (50th percentile) annual salary is $27,080. The average annual salary for the bottom 10 percent earners is $23,160.
The table and chart below show the trend of the median salary of food preparation workers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $27,080 | 12.15% | 21.57% |
| 2016 | $23,790 | -3.74% | - |
| 2015 | $24,680 | 11.99% | - |
| 2014 | $21,720 | 1.70% | - |
| 2013 | $21,350 | 0.52% | - |
| 2012 | $21,240 | - | - |
From Table 3 we note that the median annual salary of $27,080 in Peabody is in the middle of salary range for food preparation workers in state of Massachusetts. In comparison, the annual salary of food preparation workers in Peabody is 23.4 percent (23.4%) lower than that in the highest paying Nantucket Island and Marthas Vineyard nonmetropolitan area and 20.4 percent (20.4%) higher than that in the lowest paying North Central Massachusetts nonmetropolitan area.