The annual salary statistics of machinists in Albany-Schenectady-Troy, New York is shown in Table 1. The wage statistics of machinists in Albany-Schenectady-Troy 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 | $37,550 |
| 25th Percentile Wage | $50,110 |
| 50th Percentile Wage | $62,170 |
| 75th Percentile Wage | $72,160 |
| 90th Percentile Wage | $87,170 |
Table 1 shows the average annual salary for machinists in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $87,170. The median (50th percentile) annual salary is $62,170. The average annual salary for the bottom 10 percent earners is $37,550.
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 | $62,170 | 10.63% | 26.68% |
| 2021 | $55,560 | 11.18% | - |
| 2020 | $49,350 | 6.91% | - |
| 2019 | $45,940 | 7.64% | - |
| 2018 | $42,430 | -11.57% | - |
| 2017 | $47,340 | -2.58% | - |
| 2016 | $48,560 | -4.92% | - |
| 2015 | $50,950 | -4.02% | - |
| 2014 | $53,000 | 5.34% | - |
| 2013 | $50,170 | 9.15% | - |
| 2012 | $45,580 | - | - |
From Table 3 we note that with a median annual salary of $62,170, Albany-Schenectady-Troy is the highest paying city for machinists in state of New York, followed by New York-Northern New Jersey-Long Island (median annual salary $57,180). In comparison, the median annual salary of machinists in Albany-Schenectady-Troy is 8.0 percent (8.0%) higher than that in New York-Northern New Jersey-Long Island.