Average Industrial Machinery Mechanics Salary in Waco, TX
Industrial Machinery Mechanics in Waco, TX, earn an average annual salary of $57,170. This figure is notably below the national average of $66,990, suggesting local economic factors or a different industry mix influence compensation. While the nominal pay is lower, understanding the local market dynamics is crucial for assessing the true value of this salary.
Executive Summary
- Average Salary: $57,170 per year.
- Growth Trend: Salaries have shifted 15.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,250.
- Outlook: With a local workforce of 440 Industrial Machinery Mechanics, Waco, TX, presents a concentrated employment landscape. The Location Quotient of 1.23 indicates a higher-than-average concentration of these roles compared to the national baseline, suggesting a stable demand within the region's industrial sector. This concentration, coupled with 3.353 jobs per 1,000 workers, points to a robust and established market for these skilled professionals.
Salary Overview
The average Industrial Machinery Mechanics in Waco, TX earns-14.7%below the national average.
$27.5
$1,099
$4,764
Industrial Machinery Mechanics Salary Trends (2020-2024)
While specific historical data for Waco, TX is not provided, it's reasonable to assume a general upward trend in salaries for Industrial Machinery Mechanics over the past four years, mirroring national patterns. Economic growth, inflation, and increasing demand for skilled trades typically drive salary increases, ensuring that compensation for these vital roles remains competitive and reflective of evolving market conditions.
Industrial Machinery Mechanics Salary Distribution in Waco, TX
Salary progression for Industrial Machinery Mechanics in Waco, TX, is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries, potentially reaching into the upper percentiles. The gap between entry-level and senior roles highlights clear career advancement opportunities and the value placed on accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $37,280 | $17.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $42,878 | $20.6 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $57,970 | $27.9 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $71,463 | $34.4 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $73,250 | $35.2 |
Detailed Industrial Machinery Mechanics Market Analysis
Relocation Context
Nominal Salary
$57,170
Gross Pay
Real Wage (Purchasing Power)
$57,170
Adjusted for COL (100)
The average annual salary of $57,170 in Waco, TX, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an Industrial Machinery Mechanic's salary in Waco is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay offers comparable living standards to those in higher-paying, higher-cost-of-living areas.
Job Market Context
440
Total Jobs
3.353
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Waco, TX has a slightly higher-than-average concentration of Industrial Machinery Mechanics roles compared to the national norm.
Waco, TX, exhibits a Location Quotient of 1.23 for Industrial Machinery Mechanics, signifying a job market with a higher concentration of these professionals than the national average. This suggests a specialized demand within the local economy, potentially driven by specific industries or manufacturing hubs. While this indicates a healthy presence of these roles, it also implies a competitive environment where employers may have a slightly larger pool of local talent to draw from.
Nearby Job Markets
Nearby Cities for Industrial Machinery Mechanics
Comparing salaries near Waco, TX
Hiring Industrial Machinery Mechanicss?
Frequently Asked Questions
How much does a Industrial Machinery Mechanics make in Waco, TX?
The median annual salary for a Industrial Machinery Mechanics in Waco, TX is $57,170. This typically ranges from $37,280 for entry-level positions to $73,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 14.7% lower than the national median of $66,990.
Is Waco, TX a lucrative place for Industrial Machinery Mechanics?
Yes, with a caveat regarding cost of living.While the average salary of $57,170 is below the national average, Waco's cost of living is also at the national average, meaning your earnings hold comparable purchasing power. The strong concentration of these roles (LQ 1.23) indicates consistent demand.
Is Waco, TX a good place to live for Industrial Machinery Mechanics?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($61,100) and Northwestern Region of Texas nonmetropolitan area.
How does the Waco salary compare to the national average?
The average annual salary for Industrial Machinery Mechanics in Waco, TX, is $57,170, which is lower than the national average of $66,990.
What is the concentration of Industrial Machinery Mechanics in Waco, TX?
Waco, TX has a Location Quotient of 1.23 for Industrial Machinery Mechanics, indicating a higher concentration of these jobs compared to the national average.
How does the cost of living in Waco, TX affect the salary?
Waco, TX has a cost of living index of 100, which is the national average. This means the $57,170 salary has the same purchasing power as the national average salary.
What is the total workforce of Industrial Machinery Mechanics in Waco, TX?
There are approximately 440 Industrial Machinery Mechanics employed in Waco, TX.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Waco, TX area with a job density of 3.353 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Machinery Mechanics • Data source: BLS OEWS 2024 •Jobs in Waco, TX