The annual salary statistics of medical transcriptionists in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage data of medical transcriptionists 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 | $26,240 |
| 25th Percentile Wage | $27,360 |
| 50th Percentile Wage | $29,520 |
| 75th Percentile Wage | $29,920 |
| 90th Percentile Wage | $43,390 |
Table 1 shows the average annual salary for medical transcriptionists 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 $43,390. The median (50th percentile) annual salary is $29,520. The average annual salary for the bottom 10 percent earners is $26,240.
The table and chart below show the trend of the median salary of medical transcriptionists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $29,520 | 2.10% | -1.83% |
| 2021 | $28,900 | -25.47% | - |
| 2020 | $36,260 | 2.81% | - |
| 2019 | $35,240 | 23.72% | - |
| 2018 | $26,880 | 2.98% | - |
| 2017 | $26,080 | -9.43% | - |
| 2016 | $28,540 | -7.81% | - |
| 2015 | $30,770 | 6.50% | - |
| 2014 | $28,770 | -1.53% | - |
| 2013 | $29,210 | -2.91% | - |
| 2012 | $30,060 | - | - |
From Table 3 we note that the median annual salary of $29,520 in Palm Bay-Melbourne-Titusville is in the middle of salary range for medical transcriptionists in state of Florida. In comparison, the annual salary of medical transcriptionists in Palm Bay-Melbourne-Titusville is 28.6 percent (28.6%) lower than that in the highest paying Gainesville and 6.4 percent (6.4%) higher than that in the lowest paying Northeast Florida nonmetropolitan area.