The annual salary statistics of respiratory therapists in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage statistics of respiratory therapists 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 | $49,360 |
| 25th Percentile Wage | $60,700 |
| 50th Percentile Wage | $61,260 |
| 75th Percentile Wage | $72,710 |
| 90th Percentile Wage | $75,160 |
Table 1 shows the average annual salary for respiratory therapists 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 $75,160. The median (50th percentile) annual salary is $61,260. 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 | $61,260 | 2.37% | 16.42% |
| 2021 | $59,810 | 3.96% | - |
| 2020 | $57,440 | 10.31% | - |
| 2019 | $51,520 | 3.18% | - |
| 2018 | $49,880 | 0.10% | - |
| 2017 | $49,830 | -2.75% | - |
| 2016 | $51,200 | 4.75% | - |
| 2015 | $48,770 | -1.35% | - |
| 2014 | $49,430 | -5.10% | - |
| 2013 | $51,950 | 1.44% | - |
| 2012 | $51,200 | - | - |
From Table 3 we note that the median annual salary of $61,260 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for respiratory therapists in state of Florida. In comparison, the annual salary of respiratory therapists in Panama City-Lynn Haven-Panama City Beach is 16.7 percent (16.7%) lower than that in the highest paying Naples-Marco Island and 19.9 percent (19.9%) higher than that in the lowest paying Northwest Florida nonmetropolitan area.