The annual salary statistics of electrical engineers in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage information of electrical engineers 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 | $56,770 |
| 25th Percentile Wage | $73,650 |
| 50th Percentile Wage | $94,370 |
| 75th Percentile Wage | $105,770 |
| 90th Percentile Wage | $131,320 |
Table 1 shows the average annual salary for electrical engineers 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 $131,320. The median (50th percentile) annual salary is $94,370. The average annual salary for the bottom 10 percent earners is $56,770.
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 | $94,370 | 7.63% | 0.84% |
| 2021 | $87,170 | -6.80% | - |
| 2020 | $93,100 | 7.18% | - |
| 2019 | $86,420 | 3.63% | - |
| 2018 | $83,280 | 1.40% | - |
| 2017 | $82,110 | -12.43% | - |
| 2016 | $92,320 | 1.16% | - |
| 2015 | $91,250 | -5.60% | - |
| 2014 | $96,360 | 9.46% | - |
| 2013 | $87,240 | -7.27% | - |
| 2012 | $93,580 | - | - |
From Table 3 we note that the median annual salary of $94,370 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for electrical engineers in state of Florida. In comparison, the annual salary of electrical engineers in Panama City-Lynn Haven-Panama City Beach is 10.0 percent (10.0%) lower than that in the highest paying Homosassa Springs and 22.6 percent (22.6%) higher than that in the lowest paying Fort Lauderdale-Pompano Beach-Deerfield Beach.