The annual salary statistics of mechanical engineers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage data of mechanical engineers 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 | $64,620 |
| 25th Percentile Wage | $77,260 |
| 50th Percentile Wage | $98,180 |
| 75th Percentile Wage | $117,190 |
| 90th Percentile Wage | $133,390 |
Table 1 shows the average annual salary for mechanical engineers 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 $133,390. The median (50th percentile) annual salary is $98,180. The average annual salary for the bottom 10 percent earners is $64,620.
The table and chart below show the trend of the median salary of mechanical engineers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $98,180 | 2.93% | 15.75% |
| 2021 | $95,300 | -2.84% | - |
| 2020 | $98,010 | 0.91% | - |
| 2019 | $97,120 | -1.38% | - |
| 2018 | $98,460 | 3.20% | - |
| 2017 | $95,310 | 3.77% | - |
| 2016 | $91,720 | 0.19% | - |
| 2015 | $91,550 | 1.56% | - |
| 2014 | $90,120 | 5.86% | - |
| 2013 | $84,840 | 2.50% | - |
| 2012 | $82,720 | - | - |
From Table 3 we note that with a median annual salary of $98,180, Palm Bay-Melbourne-Titusville is the second highest paying city for mechanical engineers in state of Florida, following the highest paying city Sebastian-Vero Beach (median annual salary of $120,880). Compared with Sebastian-Vero Beach, the median annual salary of mechanical engineers in Palm Bay-Melbourne-Titusville is 18.8 percent (18.8%) lower.