The annual salary statistics of mechanical engineers in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage statistics of mechanical engineers 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 | $68,270 |
| 25th Percentile Wage | $78,190 |
| 50th Percentile Wage | $97,970 |
| 75th Percentile Wage | $122,530 |
| 90th Percentile Wage | $122,680 |
Table 1 shows the average annual salary for mechanical engineers 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 $122,680. The median (50th percentile) annual salary is $97,970. The average annual salary for the bottom 10 percent earners is $68,270.
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 | $97,970 | 1.32% | -2.76% |
| 2021 | $96,680 | -5.20% | - |
| 2020 | $101,710 | 10.05% | - |
| 2019 | $91,490 | -2.23% | - |
| 2018 | $93,530 | -1.89% | - |
| 2017 | $95,300 | -2.78% | - |
| 2016 | $97,950 | 2.02% | - |
| 2015 | $95,970 | -5.03% | - |
| 2014 | $100,800 | -1.22% | - |
| 2013 | $102,030 | 1.33% | - |
| 2012 | $100,670 | - | - |
From Table 3 we note that the median annual salary of $97,970 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for mechanical engineers in state of Florida. In comparison, the annual salary of mechanical engineers in Panama City-Lynn Haven-Panama City Beach is 19.0 percent (19.0%) lower than that in the highest paying Sebastian-Vero Beach and 29.3 percent (29.3%) higher than that in the lowest paying Miami-Miami Beach-Kendall.