The salary statistics of precision instrument and equipment repairers are shown in Table 1. The average hourly salary of precision instrument and equipment repairers in the United States is shown in Table 2. In the next few tables we compare the average salaries of precision instrument and equipment repairers within different industry sectors and in the 50 states of the United States. The precision instrument and equipment repairers annual salary statistics are from 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 | $34,120 |
| 25th Percentile Wage | $41,530 |
| 50th Percentile Wage | $56,070 |
| 75th Percentile Wage | $74,870 |
| 90th Percentile Wage | $91,110 |
Table 1 shows the average annual salary for precision instrument and equipment repairers. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) precision instrument and equipment repairers is $91,110. The median annual salary (50th percentile) is $56,070. The average annual salary for the bottom 10 percent is $34,120. It is noted that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 167% higher than that of the bottom 10 percent.
The table and chart below show the trend of the median salary of precision instrument and equipment repairers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $56,070 | 13.27% | 21.90% |
| 2021 | $48,630 | -4.34% | - |
| 2020 | $50,740 | 4.53% | - |
| 2019 | $48,440 | 0.70% | - |
| 2018 | $48,100 | 0.37% | - |
| 2017 | $47,920 | 1.46% | - |
| 2016 | $47,220 | 3.35% | - |
| 2015 | $45,640 | 2.72% | - |
| 2014 | $44,400 | 2.66% | - |
| 2013 | $43,220 | -1.32% | - |
| 2012 | $43,790 | - | - |
The average salaries of precision instrument and equipment repairers in 19 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for precision instrument and equipment repairers occupations is the utilities sector with an annual salary $98,430. The lowest paying sector is the finance and insurance sector (annual salary $35,800).