What does a Derrick Operators, Oil and Gas salary really buy you in Florida?
Florida is 2.1% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Florida's Regional Price Parity (RPP) is 102.1, meaning prices are 2.1% higher the national average. A Derrick Operators, Oil and Gas earning $64,310 in Florida has the equivalent purchasing power of $62,987 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Florida's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $51,590 | $50,528 | $-1,061 |
| 25th Percentile (P25) | $61,390 | $60,127 | $-1,262 |
| Median (P50) | $64,310 | $62,987 | $-1,322 |
| 75th Percentile (P75) | $79,900 | $78,256 | $-1,643 |
| 90th Percentile (P90) | $80,360 | $78,707 | $-1,652 |
Florida's cost of living is close to the national average, so $64,310 keeps most of its value at $62,987 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Derrick Operators, Oil and Gas salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Florida ranks #8 out of 16 states for Derrick Operators, Oil and Gas after cost-of-living adjustment.
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A Derrick Operators, Oil and Gas in Florida earns a median salary of $64,310 per year. After adjusting for Florida's cost of living (RPP=102.1), the real purchasing power is $62,987 — a -2.1% difference.
Florida's cost of living is 2.1% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Florida is 102.1 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Derrick Operators, Oil and Gas in Florida: $64,310 x (100 / 102.1) = $62,987. This represents what the salary would be worth in a state with average living costs.
Partially — a Derrick Operators, Oil and Gas's nominal salary of $64,310 in Florida has 2.1% less purchasing power due to higher living costs. The real value is $62,987. However, Florida may offer better career opportunities, networking, and industry access.