The annual salary statistics of structural iron and steel workers in Saginaw-Saginaw Township North, Michigan is shown in Table 1. The wage data of structural iron and steel workers in Saginaw-Saginaw Township North 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 | $45,490 |
| 25th Percentile Wage | $51,410 |
| 50th Percentile Wage | $63,490 |
| 75th Percentile Wage | $76,470 |
| 90th Percentile Wage | $78,560 |
Table 1 shows the average annual salary for structural iron and steel workers in Saginaw-Saginaw Township North, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $78,560. The median (50th percentile) annual salary is $63,490. The average annual salary for the bottom 10 percent earners is $45,490.
The table and chart below show the trend of the median salary of structural iron and steel workers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $63,490 | 24.33% | -1.29% |
| 2021 | $48,040 | -0.98% | - |
| 2020 | $48,510 | 3.26% | - |
| 2019 | $46,930 | 11.21% | - |
| 2017 | $41,670 | 3.41% | - |
| 2016 | $40,250 | -17.86% | - |
| 2015 | $47,440 | -35.56% | - |
| 2012 | $64,310 | - | - |
From Table 3 we note that with a median annual salary of $63,490, Saginaw-Saginaw Township North is the second highest paying city for structural iron and steel workers in state of Michigan, following the highest paying city Detroit-Warren-Livonia (median annual salary of $68,140). Compared with Detroit-Warren-Livonia, the median annual salary of structural iron and steel workers in Saginaw-Saginaw Township North is 6.8 percent (6.8%) lower.