The annual salary statistics of construction laborers in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage statistics of construction laborers 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 | $25,090 |
| 25th Percentile Wage | $29,390 |
| 50th Percentile Wage | $34,620 |
| 75th Percentile Wage | $37,840 |
| 90th Percentile Wage | $49,140 |
Table 1 shows the average annual salary for construction laborers 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 $49,140. The median (50th percentile) annual salary is $34,620. The average annual salary for the bottom 10 percent earners is $25,090.
The table and chart below show the trend of the median salary of construction laborers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $34,620 | 13.52% | 22.13% |
| 2021 | $29,940 | 3.47% | - |
| 2020 | $28,900 | 6.68% | - |
| 2019 | $26,970 | 7.42% | - |
| 2018 | $24,970 | 3.24% | - |
| 2017 | $24,160 | -5.42% | - |
| 2016 | $25,470 | -1.02% | - |
| 2015 | $25,730 | 0.82% | - |
| 2014 | $25,520 | 6.00% | - |
| 2013 | $23,990 | -12.38% | - |
| 2012 | $26,960 | - | - |
From Table 3 we note that the median annual salary of $34,620 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for construction laborers in state of Florida. In comparison, the annual salary of construction laborers in Panama City-Lynn Haven-Panama City Beach is 11.0 percent (11.0%) lower than that in the highest paying Sebring and 29.8 percent (29.8%) higher than that in the lowest paying Northeast Florida nonmetropolitan area.