The annual salary statistics of respiratory therapists in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage information of respiratory therapists 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 | $49,360 |
| 25th Percentile Wage | $61,660 |
| 50th Percentile Wage | $65,260 |
| 75th Percentile Wage | $74,300 |
| 90th Percentile Wage | $77,260 |
Table 1 shows the average annual salary for respiratory therapists 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 $77,260. The median (50th percentile) annual salary is $65,260. The average annual salary for the bottom 10 percent earners is $49,360.
The table and chart below show the trend of the median salary of respiratory therapists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $65,260 | 7.89% | 17.25% |
| 2021 | $60,110 | 1.26% | - |
| 2020 | $59,350 | 3.05% | - |
| 2019 | $57,540 | -0.16% | - |
| 2018 | $57,630 | 2.01% | - |
| 2017 | $56,470 | 1.81% | - |
| 2016 | $55,450 | -0.16% | - |
| 2015 | $55,540 | 1.12% | - |
| 2014 | $54,920 | 1.75% | - |
| 2013 | $53,960 | -0.07% | - |
| 2012 | $54,000 | - | - |
From Table 3 we note that the median annual salary of $65,260 in Palm Bay-Melbourne-Titusville is in the middle of salary range for respiratory therapists in state of Florida. In comparison, the annual salary of respiratory therapists in Palm Bay-Melbourne-Titusville is 11.3 percent (11.3%) lower than that in the highest paying Naples-Marco Island and 24.8 percent (24.8%) higher than that in the lowest paying Northwest Florida nonmetropolitan area.