Average Operations Research Analysts Salary in Palm Bay-Melbourne-Titusville, FL
Operations Research Analysts in the Palm Bay-Melbourne-Titusville, FL area earn an impressive average annual salary of $100,180. This figure slightly surpasses the national average of $99,860, indicating a robust demand for these analytical professionals in the region. The local economic landscape and specialized industry needs likely contribute to this competitive compensation.
Executive Summary
- Average Salary: $100,180 per year.
- Growth Trend: Salaries have shifted 30.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $150,780.
- Outlook: The local job market for Operations Research Analysts in Palm Bay-Melbourne-Titusville, FL, appears stable and moderately concentrated. With a total local workforce of 200 professionals in this role, the presence of 0.824 jobs per 1,000 workers suggests a consistent, albeit not overwhelmingly saturated, demand. The Location Quotient of 1.18 further reinforces this, indicating a slightly higher concentration of these roles compared to the national average, pointing to a healthy and potentially growing job market.
Salary Overview
The average Operations Research Analysts in Palm Bay-Melbourne-Titusville, FL earns+0.3%above the national average.
$48.2
$1,927
$8,348
Operations Research Analysts Salary Trends (2020-2024)
While specific historical data for the Palm Bay-Melbourne-Titusville, FL area is not provided, it is reasonable to assume that salaries for Operations Research Analysts have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing data complexity, the demand for advanced analytical solutions across industries, and inflation have historically driven up compensation for skilled professionals in this field.
Operations Research Analysts Salary Distribution in Palm Bay-Melbourne-Titusville, FL
The career trajectory for Operations Research Analysts typically involves significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior roles, often seen in percentile distributions, clearly signifies substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $58,130 | $27.9 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $75,135 | $36.1 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $90,750 | $43.6 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $125,225 | $60.2 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $150,780 | $72.5 |
Detailed Operations Research Analysts Market Analysis
Relocation Context
Nominal Salary
$100,180
Gross Pay
Real Wage (Purchasing Power)
$100,180
Adjusted for COL (100)
For Operations Research Analysts considering a move to Palm Bay-Melbourne-Titusville, FL, the average salary of $100,180 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher or lower living expenses.
Job Market Context
200
Total Jobs
0.824
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Palm Bay-Melbourne-Titusville, FL has a slightly higher-than-average concentration of Operations Research Analysts roles compared to the national norm.
The Location Quotient of 1.18 for Operations Research Analysts in Palm Bay-Melbourne-Titusville, FL, suggests a market that is slightly more concentrated than the national average. This indicates a potentially competitive environment for job seekers, but also suggests a strong presence and established need for these specialized skills within the local economy, making it an attractive area for experienced professionals.
Nearby Job Markets
Nearby Cities for Operations Research Analysts
| City | Salary | Dist. |
|---|---|---|
| Port St. Lucie, FL Operations Research Analysts Salary | $79,770↓ 20% | 50 mi |
| Orlando-Kissimmee-Sanford, FL Operations Research Analysts Salary | $89,410↓ 11% | 59 mi |
| North Florida nonmetropolitan area Operations Research Analysts Salary | $55,620↓ 44% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Operations Research Analystss?
Frequently Asked Questions
How much does a Operations Research Analysts make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Operations Research Analysts in Palm Bay-Melbourne-Titusville, FL is $100,180. This typically ranges from $58,130 for entry-level positions to $150,780 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 0.3% higher than the national median of $99,860.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Operations Research Analysts?
Yes, it is a lucrative place for Operations Research Analysts.The average salary of $100,180 is slightly above the national average, and the cost of living is exactly at the national average, making it financially advantageous.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Operations Research Analysts?
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 Port St. Lucie, FL ($79,770) and Orlando-Kissimmee-Sanford, FL.
How does the local salary compare to the national average?
The average annual salary for Operations Research Analysts in Palm Bay-Melbourne-Titusville, FL is $100,180, which is slightly higher than the national average of $99,860.
What is the Cost of Living in Palm Bay-Melbourne-Titusville, FL?
The Cost of Living Index for Palm Bay-Melbourne-Titusville, FL is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated are Operations Research Analyst jobs in this area?
The Location Quotient of 1.18 indicates that Operations Research Analyst jobs are slightly more concentrated in Palm Bay-Melbourne-Titusville, FL than the national average, suggesting a notable presence of these roles.
What is the total number of Operations Research Analysts in the local workforce?
There are approximately 200 Operations Research Analysts employed in the Palm Bay-Melbourne-Titusville, FL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 0.824 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Operations Research Analysts 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 Operations Research Analysts • Data source: BLS OEWS 2024 •Jobs in Palm Bay-Melbourne-Titusville, FL