The annual salary statistics of industrial engineers in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage statistics of industrial 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 | $50,530 |
| 25th Percentile Wage | $66,740 |
| 50th Percentile Wage | $85,940 |
| 75th Percentile Wage | $104,700 |
| 90th Percentile Wage | $132,600 |
Table 1 shows the average annual salary for industrial 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 $132,600. The median (50th percentile) annual salary is $85,940. The average annual salary for the bottom 10 percent earners is $50,530.
The table and chart below show the trend of the median salary of industrial engineers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $85,940 | -14.51% | 27.53% |
| 2021 | $98,410 | 1.49% | - |
| 2020 | $96,940 | 4.75% | - |
| 2019 | $92,340 | 6.97% | - |
| 2018 | $85,900 | -0.62% | - |
| 2017 | $86,430 | 17.53% | - |
| 2016 | $71,280 | -3.17% | - |
| 2015 | $73,540 | 13.92% | - |
| 2014 | $63,300 | 0.06% | - |
| 2013 | $63,260 | 1.55% | - |
| 2012 | $62,280 | - | - |
From Table 3 we note that the median annual salary of $85,940 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for industrial engineers in state of Florida. In comparison, the annual salary of industrial engineers in Panama City-Lynn Haven-Panama City Beach is 14.2 percent (14.2%) lower than that in the highest paying Miami-Fort Lauderdale-Pompano Beach and 39.5 percent (39.5%) higher than that in the lowest paying Sebastian-Vero Beach.