The annual salary statistics of machinists in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage statistics of machinists 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 | $27,660 |
| 25th Percentile Wage | $30,870 |
| 50th Percentile Wage | $46,010 |
| 75th Percentile Wage | $50,570 |
| 90th Percentile Wage | $59,530 |
Table 1 shows the average annual salary for machinists 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 $59,530. The median (50th percentile) annual salary is $46,010. The average annual salary for the bottom 10 percent earners is $27,660.
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 | $46,010 | 17.84% | 17.21% |
| 2021 | $37,800 | -12.49% | - |
| 2020 | $42,520 | 31.61% | - |
| 2019 | $29,080 | -32.57% | - |
| 2018 | $38,550 | -29.55% | - |
| 2017 | $49,940 | 0.24% | - |
| 2016 | $49,820 | 20.37% | - |
| 2015 | $39,670 | 4.79% | - |
| 2014 | $37,770 | 7.68% | - |
| 2013 | $34,870 | -9.23% | - |
| 2012 | $38,090 | - | - |
From Table 3 we note that the median annual salary of $46,010 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for machinists in state of Florida. In comparison, the annual salary of machinists in Panama City-Lynn Haven-Panama City Beach is 19.2 percent (19.2%) lower than that in the highest paying Naples-Marco Island and 22.8 percent (22.8%) higher than that in the lowest paying Miami-Miami Beach-Kendall.