The annual salary statistics of tax preparers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage statistics of tax preparers 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 | $22,320 |
| 25th Percentile Wage | $29,550 |
| 50th Percentile Wage | $35,040 |
| 75th Percentile Wage | $61,410 |
| 90th Percentile Wage | $75,850 |
Table 1 shows the average annual salary for tax preparers 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 $75,850. The median (50th percentile) annual salary is $35,040. The average annual salary for the bottom 10 percent earners is $22,320.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $35,040 | 14.07% | 46.23% |
| 2021 | $30,110 | -75.46% | - |
| 2020 | $52,830 | 18.74% | - |
| 2019 | $42,930 | -3.47% | - |
| 2018 | $44,420 | 21.23% | - |
| 2017 | $34,990 | -21.61% | - |
| 2016 | $42,550 | 9.96% | - |
| 2015 | $38,310 | 42.18% | - |
| 2014 | $22,150 | 13.18% | - |
| 2013 | $19,230 | 2.03% | - |
| 2012 | $18,840 | - | - |
From Table 3 we note that the median annual salary of $35,040 in Palm Bay-Melbourne-Titusville is in the middle of salary range for tax preparers in state of Florida. In comparison, the annual salary of tax preparers in Palm Bay-Melbourne-Titusville is 25.7 percent (25.7%) lower than that in the highest paying Ocala and 46.2 percent (46.2%) higher than that in the lowest paying Northeast Florida nonmetropolitan area.