The annual salary statistics of aerospace engineers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage statistics of aerospace engineers in Palm Bay-Melbourne-Titusville 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 | $79,350 |
| 25th Percentile Wage | $97,430 |
| 50th Percentile Wage | $123,530 |
| 75th Percentile Wage | $145,970 |
| 90th Percentile Wage | $167,080 |
Table 1 shows the average annual salary for aerospace engineers in Palm Bay-Melbourne-Titusville, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $167,080. The median (50th percentile) annual salary is $123,530. The average annual salary for the bottom 10 percent earners is $79,350.
The table and chart below show the trend of the median salary of aerospace engineers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $123,530 | 11.26% | 18.31% |
| 2021 | $109,620 | -7.38% | - |
| 2020 | $117,710 | 2.74% | - |
| 2019 | $114,480 | 2.05% | - |
| 2018 | $112,130 | 0.16% | - |
| 2017 | $111,950 | 0.04% | - |
| 2016 | $111,900 | 0.15% | - |
| 2015 | $111,730 | 4.06% | - |
| 2014 | $107,190 | 1.86% | - |
| 2013 | $105,200 | 4.08% | - |
| 2012 | $100,910 | - | - |
From Table 3 we note that with a median annual salary of $123,530, Palm Bay-Melbourne-Titusville is the second highest paying city for aerospace engineers in state of Florida, following the highest paying city Orlando-Kissimmee-Sanford (median annual salary of $127,710). Compared with Orlando-Kissimmee-Sanford, the median annual salary of aerospace engineers in Palm Bay-Melbourne-Titusville is 3.3 percent (3.3%) lower.