The annual salary statistics of postsecondary business teachers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage statistics of postsecondary business teachers 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 | $47,750 |
| 25th Percentile Wage | $58,150 |
| 50th Percentile Wage | $80,030 |
| 75th Percentile Wage | $95,730 |
| 90th Percentile Wage | $153,540 |
Table 1 shows the average annual salary for postsecondary business teachers 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 $153,540. The median (50th percentile) annual salary is $80,030. The average annual salary for the bottom 10 percent earners is $47,750.
The table and chart below show the trend of the median salary of postsecondary business teachers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $80,030 | 12.12% | 23.35% |
| 2018 | $70,330 | -1.00% | - |
| 2016 | $71,030 | 30.38% | - |
| 2015 | $49,450 | -16.14% | - |
| 2014 | $57,430 | 12.15% | - |
| 2013 | $50,450 | -21.59% | - |
| 2012 | $61,340 | - | - |
From Table 3 we note that the median annual salary of $80,030 in Palm Bay-Melbourne-Titusville is in the middle of salary range for postsecondary business teachers in state of Florida. In comparison, the annual salary of postsecondary business teachers in Palm Bay-Melbourne-Titusville is 28.7 percent (28.7%) lower than that in the highest paying Tallahassee and 30.4 percent (30.4%) higher than that in the lowest paying Northeast Florida nonmetropolitan area.