The annual salary statistics of reinforcing iron and rebar workers in Richmond, Virginia is shown in Table 1. The wage information of reinforcing iron and rebar workers in Richmond 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 | $32,600 |
| 25th Percentile Wage | $34,530 |
| 50th Percentile Wage | $37,750 |
| 75th Percentile Wage | $46,700 |
| 90th Percentile Wage | $58,560 |
Table 1 shows the average annual salary for reinforcing iron and rebar workers in Richmond, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $58,560. The median (50th percentile) annual salary is $37,750. The average annual salary for the bottom 10 percent earners is $32,600.
The table and chart below show the trend of the median salary of reinforcing iron and rebar workers from 2012 to 2019. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $37,750 | -10.36% | -19.05% |
| 2018 | $41,660 | -7.87% | - |
| 2017 | $44,940 | 0.00% | - |
| 2012 | $44,940 | - | - |
From Table 3 we note that with a median annual salary of $37,750, Richmond is the second highest paying city for reinforcing iron and rebar workers in state of Virginia, following the highest paying city Virginia Beach-Norfolk-Newport News (median annual salary of $45,120). Compared with Virginia Beach-Norfolk-Newport News, the median annual salary of reinforcing iron and rebar workers in Richmond is 16.3 percent (16.3%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Virginia Beach-Norfolk-Newport News | |
| Richmond |