Average Precision Instrument Repairer Salary in United States Virgin Islands for 2024

In this article, we will look at the average Precision Instrument Repairer salary for 2024 in United States Virgin Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Precision Instrument Repairer Make in United States Virgin Islands?

A Precision Instrument Repairer working in United States Virgin Islands will typically earn around 11,880 USD per year, and this can range from the lowest average salary of about 6,760 USD to the highest average salary of 21,020 USD.

Average Annual Salary
11,880 USD
Average Monthly Salary
990 USD

Lowest Annual Salary
6,760 USD
Lowest Monthly Salary
563 USD

Highest Annual Salary
21,020 USD
Highest Monthly Salary
1,751 USD

These are average salaries for a Precision Instrument Repairer in United States Virgin Islands and include benefits such as housing and transport. It's also possible for a Precision Instrument Repairer to earn more or less than the average salaries shown above.

Precision Instrument Repairer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Precision Instrument Repairer Salaries in United States Virgin Islands

So we've looked at the average salaries a Precision Instrument Repairer will earn in United States Virgin Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Precision Instrument Repairer can earn between 6,760 USD and 21,020 USD on average in United States Virgin Islands. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Precision Instrument Repairer in United States Virgin Islands is 14,540 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 14,540 USD, and 50% of the population earn more than 14,540 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Precision Instrument Repairer salary in United States Virgin Islands, 25% of the population are earning less than 9,440 USD while 75% of the population earn more than 9,440 USD.

75% of the population earn less than 16,720 USD, and 25% of the population earn more than 16,720 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Precision Instrument Repairer Salary by Experience Level in United States Virgin Islands

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average precision instrument repairer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Precision Instrument Repairer in United States Virgin Islands that has less than two years of experience can expect to earn somewhere in the region of 7,300 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Precision Instrument Repairer salary would increase to 11,300 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Precision Instrument Repairer, the average salary would be 14,200 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 18,780 USD.
  • 15 - 20 Years Experience. A Precision Instrument Repairer with 15 to 20 years of experience can earn an average of 20,120 USD.
  • 20+ Years Experience. For a Precision Instrument Repairer with more than 20 years, the expected average salary increases to 19,160 USD.

Average Salary by Experience Chart

0-2 Years
7,300 USD
2-5 Years +31%
11,300 USD
5-10 Years +40%
14,200 USD
10-15 Years +20%
18,780 USD
15-20 Years +9%
20,120 USD
20+ Years +8%
19,160 USD

Precision Instrument Repairer Salary by Education Level in United States Virgin Islands

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Precision Instrument Repairer in United States Virgin Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Precision Instrument Repairer in United States Virgin Islands with a high school education can earn an average salary of 7,800 USD.

  • Certificate or Diploma. A Precision Instrument Repairer in United States Virgin Islands with a certificate or diploma education can earn an average salary of 13,900 USD.

  • Bachelor's Degree. A Precision Instrument Repairer in United States Virgin Islands with a bachelor's degree education can earn an average salary of 19,380 USD.

Average Salary by Education Chart

High School
7,800 USD
Certificate or Diploma +47%
13,900 USD
Bachelor's Degree +53%
19,380 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in United States Virgin Islands is around 13,500 to 40,400 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Precision Instrument Repairer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In United States Virgin Islands, a male precision instrument repairer will earn an average of 15,880 USD, while a female precision instrument repairer will earn around 12,120 USD.

This means that a male precision instrument repairer earns approximately 31% more than a female precision instrument repairer for performing the same job.

Average Salary by Gender Chart in United States Virgin Islands

Male
15,880 USD
Female -31%
12,120 USD

Precision Instrument Repairer Average Pay Raise in United States Virgin Islands

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Precision Instrument Repairer in United States Virgin Islands is around 6% every 29 months.

The national average pay raise across all professions and industries in United States Virgin Islands is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Precision Instrument Repairer in United States Virgin Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in United States Virgin Islands for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in United States Virgin Islands.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Precision Instrument Repairer Bonus and Incentive Rates in United States Virgin Islands

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Precision Instrument Repairer is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
10%
No Bonus
90%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in United States Virgin Islands earn approximately 15% more than private sector employees in the same role.

Public Sector
35,340 USD
Private Sector -15%
30,800 USD

Salaries for Jobs Similar to a Precision Instrument Repairer

In the table below, we have salary information for jobs that are similar to a Precision Instrument Repairer in United States Virgin Islands.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 7,240 USD
Assembly Line Worker Factory and Manufacturing 9,360 USD
Assembly Supervisor Factory and Manufacturing 13,960 USD
Assistance Maintenance Manager Factory and Manufacturing 34,480 USD
Assistant Shipping Manager Factory and Manufacturing 31,660 USD
Chemical Equipment Controller Factory and Manufacturing 23,520 USD
Chemical Technican Apprentice Factory and Manufacturing 17,860 USD
CNC Machinist Factory and Manufacturing 21,640 USD
CNC Operator Factory and Manufacturing 18,280 USD
CNC Programmer Factory and Manufacturing 20,760 USD
Colour Technologist Factory and Manufacturing 12,520 USD
Contracts Manager Factory and Manufacturing 36,700 USD
Data Collection Coordinator Factory and Manufacturing 15,880 USD
Demand Planner Factory and Manufacturing 14,540 USD
Derrick Operator Factory and Manufacturing 9,360 USD
Director of Manufacturing Factory and Manufacturing 53,660 USD
Dock Worker Factory and Manufacturing 8,960 USD
Drying Technician Factory and Manufacturing 10,320 USD
Equipment Operator Factory and Manufacturing 6,440 USD
Export Sales Coordinator Factory and Manufacturing 27,620 USD
Factory Superintendent Factory and Manufacturing 12,620 USD
Factory Worker Factory and Manufacturing 9,140 USD
Failure Analysis Technician Factory and Manufacturing 14,660 USD
Fiberglass Laminator Factory and Manufacturing 10,320 USD
Food Technologist Factory and Manufacturing 15,760 USD
Forklift Driver Factory and Manufacturing 10,320 USD
Forklift Operator Factory and Manufacturing 8,100 USD
Forming Machine Operator Factory and Manufacturing 11,300 USD
Furnace Operator Factory and Manufacturing 9,440 USD
Gas Appliance Repairer Factory and Manufacturing 8,100 USD
General Warehouse Associate Factory and Manufacturing 15,760 USD
Heavy Equipment Operator Factory and Manufacturing 11,040 USD
HSE Manager Factory and Manufacturing 41,700 USD
Industrial Engineer Factory and Manufacturing 31,400 USD
Industrial Machinery Mechanic Factory and Manufacturing 17,740 USD
Industrial Production Manager Factory and Manufacturing 51,080 USD
Industrial Safety and Health Engineer Factory and Manufacturing 26,860 USD
Intake Operator Factory and Manufacturing 13,660 USD
Key Account Manager Factory and Manufacturing 43,800 USD
Lift Truck Operator Factory and Manufacturing 7,080 USD
Loading Supervisor Factory and Manufacturing 15,760 USD
Logistic Coordinator Factory and Manufacturing 23,480 USD
Logistics Clerk Factory and Manufacturing 9,940 USD
Machine Operator Factory and Manufacturing 8,560 USD
Machinist Factory and Manufacturing 9,440 USD
Maintenance Manager Factory and Manufacturing 35,340 USD
Maintenance Store Clerk Factory and Manufacturing 8,560 USD
Manufacturing Engineer Factory and Manufacturing 27,620 USD
Manufacturing Engineering Manager Factory and Manufacturing 47,540 USD
Manufacturing Engineering Technologist Factory and Manufacturing 32,960 USD
Manufacturing Manager Factory and Manufacturing 49,200 USD
Manufacturing Operative Factory and Manufacturing 16,880 USD
Manufacturing Production Technician Factory and Manufacturing 12,180 USD
Manufacturing Supervisor Factory and Manufacturing 25,220 USD
Manufacturing Technician Factory and Manufacturing 9,960 USD
Materials Manager Factory and Manufacturing 41,980 USD
Materials Supervisor Factory and Manufacturing 26,780 USD
Mechanical Fitter Engineer Factory and Manufacturing 31,380 USD
Mechanical Foreman Factory and Manufacturing 7,080 USD
Merchandise Planner Factory and Manufacturing 13,100 USD
Metrology Engineer Factory and Manufacturing 27,480 USD
Operations Engineer Factory and Manufacturing 26,400 USD
Operations Manager Factory and Manufacturing 43,340 USD
Order Management Coordinator Factory and Manufacturing 22,420 USD
Order Processing Manager Factory and Manufacturing 38,680 USD
Order Selector Factory and Manufacturing 12,520 USD
Package Handler Factory and Manufacturing 9,360 USD
Packaging Manager Factory and Manufacturing 28,860 USD
Packer Factory and Manufacturing 8,100 USD
Packing Deputy Supervisor Factory and Manufacturing 23,080 USD
Planning Manager Factory and Manufacturing 38,340 USD
Plant Manager Factory and Manufacturing 50,240 USD
Process Technician Factory and Manufacturing 12,760 USD
Product Manager Factory and Manufacturing 45,580 USD
Production Analyst Factory and Manufacturing 41,900 USD
Production Director Factory and Manufacturing 54,180 USD
Production Engineer Factory and Manufacturing 30,800 USD
Production Engineering Supervisor Factory and Manufacturing 44,540 USD
Production Inspector Factory and Manufacturing 31,380 USD
Production Laborer Factory and Manufacturing 10,100 USD
Production Manager Factory and Manufacturing 52,540 USD
Production Operator Factory and Manufacturing 13,780 USD
Production Scheduler Factory and Manufacturing 20,760 USD
Production Supervisor Factory and Manufacturing 30,800 USD
Production Technician Factory and Manufacturing 13,900 USD
Production Worker Factory and Manufacturing 10,080 USD
Quality Control Analyst Factory and Manufacturing 36,700 USD
Quality Control Inspector Factory and Manufacturing 28,860 USD
Quality Control Manager Factory and Manufacturing 45,200 USD
Service Technician Factory and Manufacturing 12,200 USD
SHEQ Officer Factory and Manufacturing 12,620 USD
Shipping Manager Factory and Manufacturing 43,220 USD
Small Engine Mechanic Factory and Manufacturing 18,260 USD
Spray Painter Factory and Manufacturing 7,820 USD
Sterile Processing Technician Factory and Manufacturing 12,840 USD
Structural Welder Factory and Manufacturing 8,780 USD
Supply Chain Operative Factory and Manufacturing 27,020 USD
Technical Operator Factory and Manufacturing 12,200 USD
Technology Development Manager Factory and Manufacturing 52,180 USD
Testing Technician Factory and Manufacturing 21,020 USD
Toolmaker Factory and Manufacturing 12,620 USD
Warehouse Forklift Operator Factory and Manufacturing 9,460 USD
Warehouse Operative Factory and Manufacturing 8,100 USD
Warehouse Worker Factory and Manufacturing 9,460 USD
Warranty Handler Factory and Manufacturing 18,780 USD
Welder Factory and Manufacturing 9,440 USD
Workshop Manager Factory and Manufacturing 34,960 USD

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