The annual salary statistics of industrial machinery mechanics in Farmington, New Mexico is shown in Table 1. The wage data of industrial machinery mechanics in Farmington 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 | $36,580 |
| 25th Percentile Wage | $48,360 |
| 50th Percentile Wage | $51,600 |
| 75th Percentile Wage | $64,640 |
| 90th Percentile Wage | $95,540 |
Table 1 shows the average annual salary for industrial machinery mechanics in Farmington, New Mexico in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $95,540. The median (50th percentile) annual salary is $51,600. The average annual salary for the bottom 10 percent earners is $36,580.
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 | $51,600 | 6.16% | 1.41% |
| 2021 | $48,420 | -25.46% | - |
| 2020 | $60,750 | -1.48% | - |
| 2019 | $61,650 | 4.49% | - |
| 2018 | $58,880 | 3.69% | - |
| 2017 | $56,710 | 9.10% | - |
| 2016 | $51,550 | -7.43% | - |
| 2015 | $55,380 | 0.60% | - |
| 2014 | $55,050 | 3.00% | - |
| 2013 | $53,400 | 4.74% | - |
| 2012 | $50,870 | - | - |
From Table 3 we note that the median annual salary of $51,600 in Farmington is in the middle of salary range for industrial machinery mechanics in state of New Mexico. In comparison, the annual salary of industrial machinery mechanics in Farmington is 37.8 percent (37.8%) lower than that in the highest paying Southwestern New Mexico nonmetropolitan area and 6.3 percent (6.3%) higher than that in the lowest paying North and West Central New Mexico nonmetropolitan area.