The annual salary statistics of structural iron and steel workers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage statistics of structural iron and steel workers 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 | $36,620 |
| 25th Percentile Wage | $42,850 |
| 50th Percentile Wage | $50,310 |
| 75th Percentile Wage | $62,570 |
| 90th Percentile Wage | $63,710 |
Table 1 shows the average annual salary for structural iron and steel workers 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 $63,710. The median (50th percentile) annual salary is $50,310. The average annual salary for the bottom 10 percent earners is $36,620.
The table and chart below show the trend of the median salary of structural iron and steel workers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $50,310 | 4.59% | -3.90% |
| 2021 | $48,000 | -2.75% | - |
| 2020 | $49,320 | 18.45% | - |
| 2019 | $40,220 | -3.48% | - |
| 2018 | $41,620 | 11.94% | - |
| 2017 | $36,650 | -38.50% | - |
| 2016 | $50,760 | -6.23% | - |
| 2014 | $53,920 | 3.06% | - |
| 2012 | $52,270 | - | - |
From Table 3 we note that with a median annual salary of $50,310, Palm Bay-Melbourne-Titusville is the highest paying city for structural iron and steel workers in state of Florida, followed by Miami-Fort Lauderdale-Pompano Beach (median annual salary $50,120). In comparison, the median annual salary of structural iron and steel workers in Palm Bay-Melbourne-Titusville is .4 percent (.4%) higher than that in Miami-Fort Lauderdale-Pompano Beach.