The annual salary statistics of electrical engineers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage information of electrical engineers 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 | $64,330 |
| 25th Percentile Wage | $79,600 |
| 50th Percentile Wage | $104,800 |
| 75th Percentile Wage | $130,060 |
| 90th Percentile Wage | $159,390 |
Table 1 shows the average annual salary for electrical engineers 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 $159,390. The median (50th percentile) annual salary is $104,800. The average annual salary for the bottom 10 percent earners is $64,330.
The table and chart below show the trend of the median salary of electrical engineers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $104,800 | 5.93% | 13.74% |
| 2021 | $98,590 | -5.87% | - |
| 2020 | $104,380 | 1.23% | - |
| 2019 | $103,100 | -0.01% | - |
| 2018 | $103,110 | 1.19% | - |
| 2017 | $101,880 | 2.47% | - |
| 2016 | $99,360 | 9.94% | - |
| 2015 | $89,480 | 4.47% | - |
| 2014 | $85,480 | 1.10% | - |
| 2013 | $84,540 | -6.93% | - |
| 2012 | $90,400 | - | - |
From Table 3 we note that with a median annual salary of $104,800, Palm Bay-Melbourne-Titusville is the second highest paying city for electrical engineers in state of Florida, following the highest paying city Homosassa Springs (median annual salary of $104,910). Compared with Homosassa Springs, the median annual salary of electrical engineers in Palm Bay-Melbourne-Titusville is .1 percent (.1%) lower.