The annual salary statistics of machinists in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage statistics of machinists 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 | $35,080 |
| 25th Percentile Wage | $39,180 |
| 50th Percentile Wage | $47,510 |
| 75th Percentile Wage | $58,880 |
| 90th Percentile Wage | $66,760 |
Table 1 shows the average annual salary for machinists 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 $66,760. The median (50th percentile) annual salary is $47,510. The average annual salary for the bottom 10 percent earners is $35,080.
The table and chart below show the trend of the median salary of machinists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $47,510 | 2.38% | 31.40% |
| 2021 | $46,380 | 11.00% | - |
| 2020 | $41,280 | -0.07% | - |
| 2019 | $41,310 | 6.61% | - |
| 2018 | $38,580 | 1.14% | - |
| 2017 | $38,140 | 5.01% | - |
| 2016 | $36,230 | -4.44% | - |
| 2015 | $37,840 | 5.15% | - |
| 2014 | $35,890 | 10.00% | - |
| 2013 | $32,300 | -0.90% | - |
| 2012 | $32,590 | - | - |
From Table 3 we note that the median annual salary of $47,510 in Palm Bay-Melbourne-Titusville is in the middle of salary range for machinists in state of Florida. In comparison, the annual salary of machinists in Palm Bay-Melbourne-Titusville is 16.6 percent (16.6%) lower than that in the highest paying Naples-Marco Island and 25.2 percent (25.2%) higher than that in the lowest paying Miami-Miami Beach-Kendall.