The annual salary statistics of carpenters in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage data of carpenters 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 | $32,130 |
| 25th Percentile Wage | $37,380 |
| 50th Percentile Wage | $44,210 |
| 75th Percentile Wage | $50,210 |
| 90th Percentile Wage | $60,980 |
Table 1 shows the average annual salary for carpenters 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 $60,980. The median (50th percentile) annual salary is $44,210. The average annual salary for the bottom 10 percent earners is $32,130.
The table and chart below show the trend of the median salary of carpenters from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $44,210 | 14.61% | 27.46% |
| 2021 | $37,750 | -4.82% | - |
| 2020 | $39,570 | 1.36% | - |
| 2019 | $39,030 | 1.38% | - |
| 2018 | $38,490 | 4.65% | - |
| 2017 | $36,700 | -1.50% | - |
| 2016 | $37,250 | 10.60% | - |
| 2015 | $33,300 | 10.42% | - |
| 2014 | $29,830 | 6.77% | - |
| 2013 | $27,810 | -15.32% | - |
| 2012 | $32,070 | - | - |
From Table 3 we note that the median annual salary of $44,210 in Palm Bay-Melbourne-Titusville is in the middle of salary range for carpenters in state of Florida. In comparison, the annual salary of carpenters in Palm Bay-Melbourne-Titusville is 7.3 percent (7.3%) lower than that in the highest paying South Florida nonmetropolitan area and 35.6 percent (35.6%) higher than that in the lowest paying Palm Coast.