The annual salary statistics of mechanical engineers in Sherman-Denison, Texas is shown in Table 1. The wage statistics of mechanical engineers 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 | $65,760 |
| 25th Percentile Wage | $75,700 |
| 50th Percentile Wage | $88,220 |
| 75th Percentile Wage | $102,760 |
| 90th Percentile Wage | $124,950 |
Table 1 shows the average annual salary for mechanical engineers 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 $124,950. The median (50th percentile) annual salary is $88,220. The average annual salary for the bottom 10 percent earners is $65,760.
The table and chart below show the trend of the median salary of mechanical engineers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $88,220 | 22.36% | 1.92% |
| 2020 | $68,490 | -13.35% | - |
| 2019 | $77,630 | -8.54% | - |
| 2018 | $84,260 | -2.09% | - |
| 2017 | $86,020 | 1.77% | - |
| 2016 | $84,500 | 0.02% | - |
| 2015 | $84,480 | 2.13% | - |
| 2014 | $82,680 | -8.70% | - |
| 2013 | $89,870 | 3.72% | - |
| 2012 | $86,530 | - | - |
From Table 3 we note that the median annual salary of $88,220 in Sherman-Denison is in the middle of salary range for mechanical engineers in state of Texas. In comparison, the annual salary of mechanical engineers in Sherman-Denison is 27.8 percent (27.8%) lower than that in the highest paying Tyler and 25.0 percent (25.0%) higher than that in the lowest paying El Paso.