The annual salary statistics of carpenters in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage information of carpenters in Grand Rapids-Wyoming 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 | $37,420 |
| 25th Percentile Wage | $44,650 |
| 50th Percentile Wage | $50,000 |
| 75th Percentile Wage | $59,780 |
| 90th Percentile Wage | $64,850 |
Table 1 shows the average annual salary for carpenters in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $64,850. The median (50th percentile) annual salary is $50,000. The average annual salary for the bottom 10 percent earners is $37,420.
The table and chart below show the trend of the median salary of carpenters from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $50,000 | 5.00% | 21.98% |
| 2021 | $47,500 | 6.27% | - |
| 2020 | $44,520 | 6.63% | - |
| 2019 | $41,570 | 3.39% | - |
| 2018 | $40,160 | 0.70% | - |
| 2017 | $39,880 | 2.78% | - |
| 2016 | $38,770 | -3.10% | - |
| 2015 | $39,970 | -3.18% | - |
| 2014 | $41,240 | 3.78% | - |
| 2013 | $39,680 | 1.69% | - |
| 2012 | $39,010 | - | - |
From Table 3 we note that the median annual salary of $50,000 in Grand Rapids-Wyoming is in the middle of salary range for carpenters in state of Michigan. In comparison, the annual salary of carpenters in Grand Rapids-Wyoming is 15.4 percent (15.4%) lower than that in the highest paying Detroit-Warren-Livonia and 23.1 percent (23.1%) higher than that in the lowest paying Holland-Grand Haven.