The annual salary statistics of machinists in Sherman-Denison, Texas is shown in Table 1. The wage data of machinists 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 | $33,970 |
| 25th Percentile Wage | $39,410 |
| 50th Percentile Wage | $49,070 |
| 75th Percentile Wage | $55,760 |
| 90th Percentile Wage | $61,880 |
Table 1 shows the average annual salary for machinists 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 $61,880. The median (50th percentile) annual salary is $49,070. The average annual salary for the bottom 10 percent earners is $33,970.
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 | $49,070 | 4.95% | 18.54% |
| 2021 | $46,640 | -13.70% | - |
| 2020 | $53,030 | 10.88% | - |
| 2019 | $47,260 | 2.96% | - |
| 2018 | $45,860 | 1.20% | - |
| 2017 | $45,310 | 15.60% | - |
| 2016 | $38,240 | 4.34% | - |
| 2015 | $36,580 | 4.32% | - |
| 2014 | $35,000 | -16.51% | - |
| 2013 | $40,780 | 1.99% | - |
| 2012 | $39,970 | - | - |
From Table 3 we note that the median annual salary of $49,070 in Sherman-Denison is in the middle of salary range for machinists in state of Texas. In comparison, the annual salary of machinists in Sherman-Denison is 21.8 percent (21.8%) lower than that in the highest paying Corpus Christi and 35.7 percent (35.7%) higher than that in the lowest paying Laredo.