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Economy in Panama City, Florida

Overview, People, Health, Economy, Housing, Rankings, Climate, Crime
Education, Comments, Transportation, Cost of Living, Religion, Voting

EconomyPanama City, FLUnited States
Unemployment Rate5.80%6.30%
Recent Job Growth2.22%1.18%
Future Job Growth38.60%36.10%
Sales Taxes6.50%6.00%
Income Taxes0.00%4.72%
Income per Cap.$22,088$28,051
Household Income$39,072$53,046
Family Median Income$47,800$64,585
Income Less Than 15K17.63%12.61%
Income between 15K and 20K8.73%5.33%
Income between 20K and 30K12.68%10.57%
Income between 30K and 40K11.99%9.90%
Income between 40K and 50K12.24%8.95%
Income between 50K and 60K7.09%8.08%
Income between 60K and 75K9.79%10.09%
Income between 75K and 100K9.52%12.25%
Income between 100K and 150K6.64%12.82%
Income between 150K and 200K2.13%4.78%
Income greater than 200K1.57%4.64%
Management, business, finance10.09%14.36%
Engineering, computers, science3.95%5.24%
Community, social services1.92%1.66%
Education, library6.20%6.10%
Arts, design, media, sports, entertainment0.87%1.88%
Healthcare practitioners and technology4.57%5.49%
Healthcare support2.36%2.47%
Firefighters, law enforcement3.28%2.24%
Food preparation, serving9.04%5.61%
Building maintenance5.52%3.97%
Personal care3.52%3.54%
Sales, office, administrative support26.49%24.89%
Farming, fishing, forestry0.83%0.73%
Construction, extraction, maintenance/repair10.32%8.56%
Production, transportation, material moving10.44%12.10%

The unemployment rate in Panama City, FL, is 5.80%, with job growth of 2.22%. Future job growth over the next ten years is predicted to be 38.60%.

Panama City, FL Taxes

Panama City, FL,sales tax rate is 6.50%. Income tax is 0.00%.

Panama City, FL Income and Salaries

The income per capita is $22,088, which includes all adults and children. The median household income is $39,072.

Panama City Economy SperlingViews

re: Living here - 1/8/2013: I have to agree with you, I would not suggest/advise anyone to move to Panama City, Florida. Housing is costly and does not measure up to its cost in most areas... (read more)Living here: I've lived in Panama City/Panama City Beach area since 1988, back in the day in my younger years this was a beautiful place to live and you could make it by with an ok... (read more)economy: This is a different Florida. This area they call South Alabama or the Red Neck Riviera. Very kick back and a long beautiful beach.... (read more)Have an opinion about Panama City? Leave a commentTo See All SperlingViews for Panama City Click Here