Average Aerospace Engineers Salary in Palm Bay-Melbourne-Titusville, FL
Aerospace Engineers in the Palm Bay-Melbourne-Titusville, FL area earn an average annual salary of $134,740. This figure is slightly below the national average of $141,460, suggesting a localized compensation structure influenced by regional industry demands and economic factors. The proximity to significant aerospace and defense contractors likely plays a role in shaping these pay scales.
Executive Summary
- Average Salary: $134,740 per year.
- Growth Trend: Salaries have shifted 10.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,620.
- Outlook: The Palm Bay-Melbourne-Titusville, FL area presents a robust job market for Aerospace Engineers, evidenced by a substantial local workforce of 1,270 professionals. The exceptionally high Location Quotient of 11.85 indicates a significant concentration of these roles compared to the national average, signaling strong and sustained demand within the region's specialized industries.
Salary Overview
The average Aerospace Engineers in Palm Bay-Melbourne-Titusville, FL earns-4.8%below the national average.
$64.8
$2,591
$11,228
Aerospace Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Aerospace Engineers in Palm Bay-Melbourne-Titusville, FL have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by advancements in aerospace technology, increased defense spending, and the ongoing need for skilled engineering talent to support complex projects.
Aerospace Engineers Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Salary progression for Aerospace Engineers in this region, as elsewhere, is strongly tied to experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect significantly higher compensation. The widening salary gap between junior and senior roles reflects the increasing value placed on expertise, leadership, and project management capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $89,770 | $43.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $101,055 | $48.6 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $130,720 | $62.8 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $168,425 | $81 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $177,620 | $85.4 |
Detailed Aerospace Engineers Market Analysis
Relocation Context
Nominal Salary
$134,740
Gross Pay
Real Wage (Purchasing Power)
$134,740
Adjusted for COL (100)
With an average annual salary of $134,740 and a Cost of Living Index of 100, Aerospace Engineers in Palm Bay-Melbourne-Titusville, FL experience a salary that perfectly aligns with the national average cost of living. This means that the nominal income earned translates directly to purchasing power equivalent to the national standard, offering financial stability without the premium often associated with high-paying tech hubs.
Job Market Context
1,270
Total Jobs
5.261
Per 1K Jobs
11.85
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 11.8x the national concentration of Aerospace Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 11.85 for Aerospace Engineers in Palm Bay-Melbourne-Titusville, FL is remarkably high, indicating that this region is a major hub for this profession. This concentration suggests a highly competitive yet abundant job market, where employers actively seek specialized talent, and professionals have numerous opportunities within a concentrated industry ecosystem.
Nearby Job Markets
Nearby Cities for Aerospace Engineers
| City | Salary | Dist. |
|---|---|---|
| Orlando-Kissimmee-Sanford, FL Aerospace Engineers Salary | $128,970↓ 4% | 59 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Aerospace Engineerss?
Frequently Asked Questions
How much does a Aerospace Engineers make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Aerospace Engineers in Palm Bay-Melbourne-Titusville, FL is $134,740. This typically ranges from $89,770 for entry-level positions to $177,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 4.8% lower than the national median of $141,460.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Aerospace Engineers?
Yes, it is a highly concentrated and stable market for Aerospace Engineers.While the average salary is slightly below the national average, the extremely high Location Quotient signifies a robust and specialized job market with significant demand for these professionals.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Aerospace Engineers?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Orlando-Kissimmee-Sanford, FL ($128,970) and others.
How does the local salary compare to the national average?
The average annual salary for Aerospace Engineers in Palm Bay-Melbourne-Titusville, FL is $134,740, which is slightly lower than the national average of $141,460.
What is the significance of the Location Quotient (LQ) of 11.85?
An LQ of 11.85 means that Aerospace Engineers are over 11 times more concentrated in the Palm Bay-Melbourne-Titusville, FL area than in the average U.S. location, indicating a strong regional specialization.
How does the Cost of Living affect the Aerospace Engineer salary in this area?
The Cost of Living Index is 100, which is the national average. This means the $134,740 salary offers purchasing power equivalent to the national standard.
What does the total local workforce of 1,270 imply for job seekers?
A workforce of 1,270 indicates a substantial presence of Aerospace Engineers, suggesting a mature and active job market with ongoing opportunities and a community of peers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,270 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 5.261 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Aerospace Engineers Salaries by State
Top Jobs in Palm Bay-Melbourne-Titusville, FL
- All Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Office and Administrative Support Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Food Preparation and Serving Related Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Sales and Related Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Business and Financial Operations Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Management Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Healthcare Practitioners and Technical Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Transportation and Material Moving Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Architecture and Engineering Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Construction and Extraction Occupations Salary in Palm Bay-Melbourne-Titusville, FL
- Browse All Jobs in Palm Bay-Melbourne-Titusville, FL →
Semantic Salary Analysis for Aerospace Engineers • Data source: BLS OEWS 2024 •Jobs in Palm Bay-Melbourne-Titusville, FL