The annual salary statistics of industrial machinery mechanics in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage statistics of industrial machinery mechanics 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 | $35,720 |
| 25th Percentile Wage | $40,240 |
| 50th Percentile Wage | $48,070 |
| 75th Percentile Wage | $60,560 |
| 90th Percentile Wage | $74,940 |
Table 1 shows the average annual salary for industrial machinery mechanics 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 $74,940. The median (50th percentile) annual salary is $48,070. The average annual salary for the bottom 10 percent earners is $35,720.
The table and chart below show the trend of the median salary of industrial machinery mechanics from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $48,070 | 1.58% | 14.25% |
| 2021 | $47,310 | -0.51% | - |
| 2020 | $47,550 | 3.58% | - |
| 2019 | $45,850 | 10.84% | - |
| 2018 | $40,880 | -12.92% | - |
| 2017 | $46,160 | 7.45% | - |
| 2016 | $42,720 | -0.63% | - |
| 2015 | $42,990 | 0.09% | - |
| 2014 | $42,950 | 7.08% | - |
| 2013 | $39,910 | -3.28% | - |
| 2012 | $41,220 | - | - |
From Table 3 we note that the median annual salary of $48,070 in Palm Bay-Melbourne-Titusville is in the middle of salary range for industrial machinery mechanics in state of Florida. In comparison, the annual salary of industrial machinery mechanics in Palm Bay-Melbourne-Titusville is 24.1 percent (24.1%) lower than that in the highest paying Crestview-Fort Walton Beach-Destin and 18.1 percent (18.1%) higher than that in the lowest paying Homosassa Springs.