Wage Trends by Industry

Updated

Every industry goes through ups and downs. How are your industry’s pay practices changing and how do they compare with others? See which industries have seen the biggest increases and declines in wage levels for jobs.

RankIndustryQ1 2023 Year-Over-Year
One Year Wage Growth
1Accommodation & Food Services8.2%
2Retail and Customer Service7.0%
3Transportation & Warehousing6.5%
4 (tie)Construction6.2%
4 (tie)Health Care6.2%
6 (tie)Agencies & Consultancies5.9%
6 (tie)Arts, Entertainment & Recreation5.9%
6 (tie)Manufacturing5.9%
6 (tie)Nonprofits5.9%
10Real Estate5.7%
11Energy & Utilities5.4%
12Engineering & Science5.2%
13 (tie)Education5.0%
13 (tie)Finance & Insurance5.0%
15Technology4.8%

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Methodology for The Payscale Index: Trends in Compensation

The Payscale Index tracks quarterly changes in total cash compensation for full-time, private industry employees and education professionals in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The Payscale Index uses 2006 average total cash compensation as a baseline.

See full methodology for compensation trend reports.

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