The annual salary statistics of carpenters in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage information of carpenters in Panama City-Lynn Haven-Panama City Beach 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 | $31,200 |
| 25th Percentile Wage | $35,890 |
| 50th Percentile Wage | $40,580 |
| 75th Percentile Wage | $47,130 |
| 90th Percentile Wage | $57,290 |
Table 1 shows the average annual salary for carpenters in Panama City-Lynn Haven-Panama City Beach, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $57,290. The median (50th percentile) annual salary is $40,580. The average annual salary for the bottom 10 percent earners is $31,200.
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 | $40,580 | 6.83% | 1.36% |
| 2021 | $37,810 | -10.16% | - |
| 2020 | $41,650 | -0.86% | - |
| 2019 | $42,010 | 1.45% | - |
| 2018 | $41,400 | 10.75% | - |
| 2017 | $36,950 | -2.25% | - |
| 2016 | $37,780 | 12.89% | - |
| 2015 | $32,910 | -1.06% | - |
| 2014 | $33,260 | -6.46% | - |
| 2013 | $35,410 | -13.05% | - |
| 2012 | $40,030 | - | - |
From Table 3 we note that the median annual salary of $40,580 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for carpenters in state of Florida. In comparison, the annual salary of carpenters in Panama City-Lynn Haven-Panama City Beach is 14.9 percent (14.9%) lower than that in the highest paying South Florida nonmetropolitan area and 29.8 percent (29.8%) higher than that in the lowest paying Palm Coast.