Florida’s median annual salary reached $51,900 in November, representing a 6.2% increase compared to the previous year, according to ADP National Employment Report’s Pay Insights. This data indicates continued wage growth for Florida’s workforce.
Key findings:
- Year-over-year median change in annual pay: 6.2%
- Median annual salary: $51,900
- National year-over-year median change in annual pay: 5.6% (slowest since September 2021)
- Median change in annual pay for job switchers: 8.1% (smallest year-over-year increase since June 2021)
The report highlights:
- The positive wage growth in Florida, exceeding the national average of 5.6%.
- The slower wage growth nationally, marking the lowest since September 2021.
- The higher wage growth for job switchers (8.1%) compared to those who remained in their roles.
Overall, the data suggests a healthy and growing job market in Florida, with wages increasing for employees despite national trends.
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