The annual salary statistics of tax preparers in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage data of tax preparers 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 | $30,220 |
| 25th Percentile Wage | $33,620 |
| 50th Percentile Wage | $44,920 |
| 75th Percentile Wage | $63,760 |
| 90th Percentile Wage | $85,910 |
Table 1 shows the average annual salary for tax preparers 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 $85,910. The median (50th percentile) annual salary is $44,920. The average annual salary for the bottom 10 percent earners is $30,220.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $44,920 | -6.97% | -23.73% |
| 2021 | $48,050 | -3.00% | - |
| 2020 | $49,490 | 40.80% | - |
| 2019 | $29,300 | -10.20% | - |
| 2018 | $32,290 | 23.10% | - |
| 2017 | $24,830 | -58.44% | - |
| 2016 | $39,340 | 5.80% | - |
| 2015 | $37,060 | -8.42% | - |
| 2014 | $40,180 | -42.71% | - |
| 2013 | $57,340 | 3.07% | - |
| 2012 | $55,580 | - | - |
From Table 3 we note that the median annual salary of $44,920 in Grand Rapids-Wyoming is in the middle of salary range for tax preparers in state of Michigan. In comparison, the annual salary of tax preparers in Grand Rapids-Wyoming is 22.1 percent (22.1%) lower than that in the highest paying South Bend-Mishawaka and 43.1 percent (43.1%) higher than that in the lowest paying Saginaw-Saginaw Township North.