The annual salary statistics of industrial machinery mechanics in Sherman-Denison, Texas is shown in Table 1. The wage information of industrial machinery mechanics in Sherman-Denison 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 | $39,510 |
| 25th Percentile Wage | $46,750 |
| 50th Percentile Wage | $53,450 |
| 75th Percentile Wage | $62,710 |
| 90th Percentile Wage | $76,400 |
Table 1 shows the average annual salary for industrial machinery mechanics in Sherman-Denison, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $76,400. The median (50th percentile) annual salary is $53,450. The average annual salary for the bottom 10 percent earners is $39,510.
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 | $53,450 | 9.47% | 40.97% |
| 2021 | $48,390 | -13.83% | - |
| 2020 | $55,080 | 9.93% | - |
| 2019 | $49,610 | -0.40% | - |
| 2018 | $49,810 | 2.03% | - |
| 2017 | $48,800 | -8.46% | - |
| 2016 | $52,930 | -0.19% | - |
| 2015 | $53,030 | 25.97% | - |
| 2014 | $39,260 | 2.45% | - |
| 2013 | $38,300 | 17.62% | - |
| 2012 | $31,550 | - | - |
From Table 3 we note that the median annual salary of $53,450 in Sherman-Denison is in the middle of salary range for industrial machinery mechanics in state of Texas. In comparison, the annual salary of industrial machinery mechanics in Sherman-Denison is 25.4 percent (25.4%) lower than that in the highest paying Texarkana-Texarkana and 15.5 percent (15.5%) higher than that in the lowest paying El Paso.