What is median hourly rate?

The median hourly rate is the middle value of a dataset when all hourly rates are arranged in ascending order. It represents the point at which half of the rates fall below and half fall above, making it a useful measure of central tendency that is less affected by outliers than the average. For example, if a group of workers earns $15, $20, $25, and $30 per hour, the median hourly rate would be $22.50.