The annual salary statistics of mechanical engineers in Peabody, Massachusetts is shown in Table 1. The wage information of mechanical engineers 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 | $60,650 |
| 25th Percentile Wage | $70,720 |
| 50th Percentile Wage | $87,110 |
| 75th Percentile Wage | $114,250 |
| 90th Percentile Wage | $137,390 |
Table 1 shows the average annual salary for mechanical engineers in Peabody, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $137,390. The median (50th percentile) annual salary is $87,110. The average annual salary for the bottom 10 percent earners is $60,650.
The table and chart below show the trend of the median salary of mechanical engineers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $87,110 | 2.14% | -0.51% |
| 2016 | $85,250 | -2.80% | - |
| 2015 | $87,640 | -7.78% | - |
| 2014 | $94,460 | 6.78% | - |
| 2013 | $88,060 | 0.58% | - |
| 2012 | $87,550 | - | - |
From Table 3 we note that the median annual salary of $87,110 in Peabody is in the middle of salary range for mechanical engineers in state of Massachusetts. In comparison, the annual salary of mechanical engineers in Peabody is 25.2 percent (25.2%) lower than that in the highest paying Taunton-Norton-Raynham and 21.9 percent (21.9%) higher than that in the lowest paying Northwest Massachusetts nonmetropolitan area.