The annual salary statistics of industrial machinery mechanics in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage data of industrial machinery mechanics 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 | $35,850 |
| 25th Percentile Wage | $38,720 |
| 50th Percentile Wage | $49,530 |
| 75th Percentile Wage | $62,810 |
| 90th Percentile Wage | $74,440 |
Table 1 shows the average annual salary for industrial machinery mechanics 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 $74,440. The median (50th percentile) annual salary is $49,530. The average annual salary for the bottom 10 percent earners is $35,850.
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 | $49,530 | 1.82% | 8.70% |
| 2021 | $48,630 | -9.34% | - |
| 2020 | $53,170 | -30.94% | - |
| 2019 | $69,620 | 38.71% | - |
| 2016 | $42,670 | 1.17% | - |
| 2015 | $42,170 | 1.90% | - |
| 2014 | $41,370 | -12.57% | - |
| 2013 | $46,570 | 2.90% | - |
| 2012 | $45,220 | - | - |
From Table 3 we note that the median annual salary of $49,530 in Panama City-Lynn Haven-Panama City Beach 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 Panama City-Lynn Haven-Panama City Beach is 21.8 percent (21.8%) lower than that in the highest paying Crestview-Fort Walton Beach-Destin and 20.5 percent (20.5%) higher than that in the lowest paying Homosassa Springs.