The annual salary statistics of carpenters in Mankato-North Mankato, Minnesota is shown in Table 1. The wage information of carpenters in Mankato-North Mankato 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 | $38,520 |
| 25th Percentile Wage | $45,040 |
| 50th Percentile Wage | $56,600 |
| 75th Percentile Wage | $64,230 |
| 90th Percentile Wage | $70,660 |
Table 1 shows the average annual salary for carpenters in Mankato-North Mankato, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $70,660. The median (50th percentile) annual salary is $56,600. The average annual salary for the bottom 10 percent earners is $38,520.
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 | $56,600 | 14.28% | 28.71% |
| 2021 | $48,520 | -6.90% | - |
| 2020 | $51,870 | 4.49% | - |
| 2019 | $49,540 | 11.99% | - |
| 2018 | $43,600 | 9.24% | - |
| 2017 | $39,570 | 2.07% | - |
| 2016 | $38,750 | 2.66% | - |
| 2015 | $37,720 | -4.06% | - |
| 2014 | $39,250 | 4.33% | - |
| 2013 | $37,550 | -7.46% | - |
| 2012 | $40,350 | - | - |
From Table 3 we note that with a median annual salary of $56,600, Mankato-North Mankato is the second highest paying city for carpenters in state of Minnesota, following the highest paying city Rochester (median annual salary of $58,030). Compared with Rochester, the median annual salary of carpenters in Mankato-North Mankato is 2.5 percent (2.5%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Rochester | |
| Mankato-North Mankato | |
| St Cloud | |
| Northwest Minnesota nonmetropolitan area | |
| Southeast Minnesota nonmetropolitan area | |
| Northeast Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area |