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Economy

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  ECONOMY OVERVIEW
  

The unemployment rate in Panama City, Florida, 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, Florida Taxes
Panama City, Florida,sales tax rate is 6.50%. Income tax is 0.00%.

Panama City, Florida Income and Salaries

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

  ECONOMYPanama City, FloridaUnited States
  Unemployment Rate  5.80%6.30%
  Recent Job Growth  2.22%1.18%
  Future Job Growth  38.60%36.10%
  Sales Taxes  6.50%6.00%
  Income Taxes  0.00%4.72%
  Income per Cap.  $22,088$28,051
  Household Income  $39,072$53,046
  Family Median Income  $47,800$64,585
  ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
  Income Less Than 15K  17.63%12.61%
  Income between 15K and 20K  8.73%5.33%
  Income between 20K and 30K  12.68%10.57%
  Income between 30K and 40K  11.99%9.90%
  Income between 40K and 50K  12.24%8.95%
  Income between 50K and 60K  7.09%8.08%
  Income between 60K and 75K  9.79%10.09%
  Income between 75K and 100K  9.52%12.25%
  Income between 100K and 150K  6.64%12.82%
  Income between 150K and 200K  2.13%4.78%
  Income greater than 200K  1.57%4.64%
  POPULATION BY OCCUPATION
  Management, business, finance  10.09%14.36%
  Engineering, computers, science  3.95%5.24%
  Community, social services  1.92%1.66%
  Legal  0.60%1.17%
  Education, library  6.20%6.10%
  Arts, design, media, sports, entertainment  0.87%1.88%
  Healthcare practitioners and technology  4.57%5.49%
  Healthcare support  2.36%2.47%
  Firefighters, law enforcement  3.28%2.24%
  Food preparation, serving  9.04%5.61%
  Building maintenance  5.52%3.97%
  Personal care  3.52%3.54%
  Sales, office, administrative support  26.49%24.89%
  Farming, fishing, forestry  0.83%0.73%
  Construction, extraction, maintenance/repair  10.32%8.56%
  Production, transportation, material moving  10.44%12.10%
  ECONOMY COMMENTS
  
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)
To See All Comments for Panama City Click Here

  GENERAL COMMENTS
  
re: Lived here for two months, looking to move aga
Lived here in the 80's and it was OK but now been back a month and hate it. Can't believe how much it's gone down. Jobs are hard to find and wages are so very low.... (read more)
re: Lived here for two months, looking to move aga
I moved to Panama city area, in Nov 1992 from the west Coast ( biggest mistake ever ) bought a business in a crime ridden back water town a few miles outside Panama... (read more)
This was the worst mistake I've made
I moved here from Fort Myers, FL. The cost of living (utilities, food, amenities, and housing) are higher and the pay (on average) is lower. What happens then? This... (read more)
To See All Comments for Panama City Click Here



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