The annual salary statistics of cost estimators in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage information of cost estimators 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 | $38,910 |
| 25th Percentile Wage | $49,830 |
| 50th Percentile Wage | $53,880 |
| 75th Percentile Wage | $77,590 |
| 90th Percentile Wage | $102,230 |
Table 1 shows the average annual salary for cost estimators 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 $102,230. The median (50th percentile) annual salary is $53,880. The average annual salary for the bottom 10 percent earners is $38,910.
The table and chart below show the trend of the median salary of cost estimators from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $53,880 | -12.38% | 12.62% |
| 2021 | $60,550 | 7.48% | - |
| 2020 | $56,020 | 3.68% | - |
| 2019 | $53,960 | 1.26% | - |
| 2018 | $53,280 | 5.46% | - |
| 2017 | $50,370 | 6.15% | - |
| 2016 | $47,270 | -2.50% | - |
| 2015 | $48,450 | 2.83% | - |
| 2014 | $47,080 | -5.20% | - |
| 2013 | $49,530 | 4.95% | - |
| 2012 | $47,080 | - | - |
From Table 3 we note that the median annual salary of $53,880 in Palm Bay-Melbourne-Titusville is in the middle of salary range for cost estimators in state of Florida. In comparison, the annual salary of cost estimators in Palm Bay-Melbourne-Titusville is 25.4 percent (25.4%) lower than that in the highest paying West Palm Beach-Boca Raton-Boynton Beach and 27.9 percent (27.9%) higher than that in the lowest paying Northeast Florida nonmetropolitan area.