The annual salary statistics of lawyers in Sherman-Denison, Texas is shown in Table 1. The wage information of lawyers 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 | $70,340 |
| 25th Percentile Wage | $82,970 |
| 50th Percentile Wage | $102,580 |
| 75th Percentile Wage | $146,960 |
| 90th Percentile Wage | $177,000 |
Table 1 shows the average annual salary for lawyers 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 $177,000. The median (50th percentile) annual salary is $102,580. The average annual salary for the bottom 10 percent earners is $70,340.
The table and chart below show the trend of the median salary of lawyers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $102,580 | -16.86% | 31.23% |
| 2021 | $119,880 | 14.82% | - |
| 2020 | $102,110 | 1.30% | - |
| 2019 | $100,780 | 0.82% | - |
| 2018 | $99,950 | 8.50% | - |
| 2017 | $91,450 | 23.12% | - |
| 2016 | $70,310 | 20.15% | - |
| 2015 | $56,140 | -18.99% | - |
| 2014 | $66,800 | -30.00% | - |
| 2013 | $86,840 | 18.77% | - |
| 2012 | $70,540 | - | - |
From Table 3 we note that the median annual salary of $102,580 in Sherman-Denison is in the middle of salary range for lawyers in state of Texas. In comparison, the annual salary of lawyers in Sherman-Denison is 34.2 percent (34.2%) lower than that in the highest paying Dallas-Fort Worth-Arlington and 16.1 percent (16.1%) higher than that in the lowest paying Central Texas nonmetropolitan area.