The annual salary statistics of industrial machinery mechanics in Mankato-North Mankato, Minnesota is shown in Table 1. The wage information of industrial machinery mechanics 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 | $44,350 |
| 25th Percentile Wage | $47,860 |
| 50th Percentile Wage | $51,640 |
| 75th Percentile Wage | $62,120 |
| 90th Percentile Wage | $68,470 |
Table 1 shows the average annual salary for industrial machinery mechanics 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 $68,470. The median (50th percentile) annual salary is $51,640. The average annual salary for the bottom 10 percent earners is $44,350.
The table and chart below show the trend of the median salary of industrial machinery mechanics from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $51,640 | -17.08% | 10.09% |
| 2021 | $60,460 | 10.68% | - |
| 2020 | $54,000 | 1.20% | - |
| 2019 | $53,350 | 11.85% | - |
| 2018 | $47,030 | 0.19% | - |
| 2017 | $46,940 | 3.69% | - |
| 2016 | $45,210 | -14.07% | - |
| 2015 | $51,570 | 7.00% | - |
| 2014 | $47,960 | 1.73% | - |
| 2013 | $47,130 | 1.49% | - |
| 2012 | $46,430 | - | - |
From Table 3 we note that with a median annual salary of $51,640, Mankato-North Mankato is the lowest paying city for industrial machinery mechanics in state of Minnesota, following city of Northeast Minnesota nonmetropolitan area (median annual salary of $75,730). Compared with the highest paying city Northeast Minnesota nonmetropolitan area, the median annual salary of industrial machinery mechanics in Mankato-North Mankato is 31.8 percent (31.8%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northeast Minnesota nonmetropolitan area | |
| Northwest Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area | |
| St Cloud | |
| Southeast Minnesota nonmetropolitan area | |
| Rochester | |
| Mankato-North Mankato |