The annual salary statistics of farm equipment mechanics and service technicians in Mankato-North Mankato, Minnesota is shown in Table 1. The wage information of farm equipment mechanics and service technicians 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 | $40,680 |
| 25th Percentile Wage | $46,210 |
| 50th Percentile Wage | $54,410 |
| 75th Percentile Wage | $61,840 |
| 90th Percentile Wage | $66,350 |
Table 1 shows the average annual salary for farm equipment mechanics and service technicians 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 $66,350. The median (50th percentile) annual salary is $54,410. The average annual salary for the bottom 10 percent earners is $40,680.
The table and chart below show the trend of the median salary of farm equipment mechanics and service technicians from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $54,410 | 3.91% | 27.20% |
| 2018 | $52,280 | 24.23% | - |
| 2016 | $39,610 | 5.10% | - |
| 2015 | $37,590 | 2.08% | - |
| 2014 | $36,810 | -7.61% | - |
| 2012 | $39,610 | - | - |
From Table 3 we note that with a median annual salary of $54,410, Mankato-North Mankato is the highest paying city for farm equipment mechanics and service technicians in state of Minnesota, followed by Southwest Minnesota nonmetropolitan area (median annual salary $49,840). In comparison, the median annual salary of farm equipment mechanics and service technicians in Mankato-North Mankato is 8.4 percent (8.4%) higher than that in Southwest Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Mankato-North Mankato | |
| Southwest Minnesota nonmetropolitan area | |
| St Cloud | |
| Northwest Minnesota nonmetropolitan area | |
| Southeast Minnesota nonmetropolitan area | |
| Rochester |