The annual salary statistics of structural iron and steel workers in Farmington, New Mexico is shown in Table 1. The wage information of structural iron and steel workers 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 | $33,890 |
| 25th Percentile Wage | $36,200 |
| 50th Percentile Wage | $40,070 |
| 75th Percentile Wage | $53,430 |
| 90th Percentile Wage | $61,170 |
Table 1 shows the average annual salary for structural iron and steel workers 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 $61,170. The median (50th percentile) annual salary is $40,070. The average annual salary for the bottom 10 percent earners is $33,890.
The table and chart below show the trend of the median salary of structural iron and steel workers from 2012 to 2018. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $40,070 | 0.37% | 0.37% |
| 2017 | $39,920 | 0.00% | - |
| 2012 | $39,920 | - | - |
From Table 3 we note that the median annual salary of $40,070 in Farmington is in the middle of salary range for structural iron and steel workers in state of New Mexico. In comparison, the annual salary of structural iron and steel workers in Farmington is 39.0 percent (39.0%) lower than that in the highest paying Albuquerque and 17.9 percent (17.9%) higher than that in the lowest paying Las Cruces.
| Cities/Areas | Median Annual Salary |
|---|---|
| Albuquerque | |
| Eastern New Mexico nonmetropolitan area | |
| Eastern New Mexico nonmetropolitan area | |
| Farmington | |
| Las Cruces |