The annual salary statistics of carpenters in Southwest Minnesota nonmetropolitan area, Minnesota is shown in Table 1. The wage information of carpenters in Southwest Minnesota nonmetropolitan area 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 | $38,100 |
| 25th Percentile Wage | $39,860 |
| 50th Percentile Wage | $46,870 |
| 75th Percentile Wage | $58,370 |
| 90th Percentile Wage | $73,340 |
Table 1 shows the average annual salary for carpenters in Southwest Minnesota nonmetropolitan area, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $73,340. The median (50th percentile) annual salary is $46,870. The average annual salary for the bottom 10 percent earners is $38,100.
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 | $46,870 | 0.28% | 24.58% |
| 2021 | $46,740 | 8.49% | - |
| 2020 | $42,770 | 1.96% | - |
| 2019 | $41,930 | -3.77% | - |
| 2018 | $43,510 | 2.69% | - |
| 2017 | $42,340 | 1.44% | - |
| 2016 | $41,730 | 0.67% | - |
| 2015 | $41,450 | 4.29% | - |
| 2014 | $39,670 | -3.98% | - |
| 2013 | $41,250 | 14.30% | - |
| 2012 | $35,350 | - | - |
From Table 3 we note that with a median annual salary of $46,870, Southwest Minnesota nonmetropolitan area is the lowest paying city for carpenters in state of Minnesota, following city of Rochester (median annual salary of $58,030). Also we note that in comparison, the annual salary of carpenters in Southwest Minnesota nonmetropolitan area is about 19.2 percent (19.2%) lower than that of the highest paying city Rochester.
| 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 |