The annual salary statistics of machinists in Mankato-North Mankato, Minnesota is shown in Table 1. The wage statistics of machinists 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 | $37,380 |
| 25th Percentile Wage | $42,710 |
| 50th Percentile Wage | $49,170 |
| 75th Percentile Wage | $58,380 |
| 90th Percentile Wage | $65,450 |
Table 1 shows the average annual salary for machinists 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 $65,450. The median (50th percentile) annual salary is $49,170. The average annual salary for the bottom 10 percent earners is $37,380.
The table and chart below show the trend of the median salary of machinists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $49,170 | 2.03% | 19.40% |
| 2021 | $48,170 | -13.83% | - |
| 2020 | $54,830 | 12.26% | - |
| 2019 | $48,110 | 3.66% | - |
| 2018 | $46,350 | 16.12% | - |
| 2017 | $38,880 | 6.89% | - |
| 2015 | $36,200 | -4.92% | - |
| 2014 | $37,980 | 3.08% | - |
| 2013 | $36,810 | -7.66% | - |
| 2012 | $39,630 | - | - |
From Table 3 we note that the median annual salary of $49,170 in Mankato-North Mankato is in the middle of salary range for machinists in state of Minnesota. In comparison, the annual salary of machinists in Mankato-North Mankato is 13.9 percent (13.9%) lower than that in the highest paying Rochester and 7.6 percent (7.6%) higher than that in the lowest paying Southwest Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Rochester | |
| Northeast Minnesota nonmetropolitan area | |
| St Cloud | |
| Mankato-North Mankato | |
| Southeast Minnesota nonmetropolitan area | |
| Northwest Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area |