The annual salary statistics of bakers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage statistics of bakers 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 | $26,450 |
| 25th Percentile Wage | $28,240 |
| 50th Percentile Wage | $29,410 |
| 75th Percentile Wage | $36,480 |
| 90th Percentile Wage | $38,330 |
Table 1 shows the average annual salary for bakers 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 $38,330. The median (50th percentile) annual salary is $29,410. The average annual salary for the bottom 10 percent earners is $26,450.
The table and chart below show the trend of the median salary of bakers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $29,410 | 3.50% | 22.88% |
| 2021 | $28,380 | 9.41% | - |
| 2020 | $25,710 | 2.49% | - |
| 2019 | $25,070 | 3.03% | - |
| 2018 | $24,310 | 6.95% | - |
| 2017 | $22,620 | 4.95% | - |
| 2016 | $21,500 | 1.72% | - |
| 2015 | $21,130 | -7.81% | - |
| 2014 | $22,780 | 3.29% | - |
| 2013 | $22,030 | -2.95% | - |
| 2012 | $22,680 | - | - |
From Table 3 we note that the median annual salary of $29,410 in Palm Bay-Melbourne-Titusville is in the middle of salary range for bakers in state of Florida. In comparison, the annual salary of bakers in Palm Bay-Melbourne-Titusville is 19.0 percent (19.0%) lower than that in the highest paying Punta Gorda and 29.4 percent (29.4%) higher than that in the lowest paying Northeast Florida nonmetropolitan area.