2025 Compare Cities Economy:
Palatine, IL vs Panama City, FL

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Highlights
- Household income in Panama City, is 40% less than it is in Palatine and is 34% below the National Average.
- Palatine unemployment rate is 5.7%.
- Panama City unemployment rate is 5.3%.
 Palatine, ILPanama City, FLUnited States
 Unemployment Rate  Unlock5.3%6.0%
 Recent Job Growth  Unlock2.0%1.6%
 Future Job Growth26.9%  Unlock33.5%
 Sales Taxes10.3%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$45,557  Unlock$37,638
 Household Income  Unlock$51,569$69,021
 Family Median Income$111,413  Unlock$85,028
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 Est. Households By Income
 Palatine, ILPanama City, FLUnited States
 Income Less Than 15K  Unlock13.2%9.4%
 Income between 15K and 20K3.5%  Unlock3.8%
 Income between 20K and 30K  Unlock11.8%8.1%
 Income between 30K and 40K6.2%  Unlock8.0%
 Income between 40K and 50K  Unlock10.1%7.6%
 Income between 50K and 60K6.4%  Unlock7.2%
 Income between 60K and 75K  Unlock10.3%9.6%
 Income between 75K and 100K12.2%  Unlock12.8%
 Income between 100K and 150K  Unlock10.2%16.3%
 Income between 150K and 200K13.4%  Unlock7.8%
 Income greater than 200K  Unlock4.1%9.5%
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 Population By Occupation
 Palatine, ILPanama City, FLUnited States
 Management, business, finance22.4%  Unlock16.4%
 Engineering, computers, science  Unlock6.2%6.5%
 Community, social services1.5%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library6.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology4.6%  Unlock6.2%
 Healthcare support  Unlock1.7%3.3%
 Firefighters, law enforcement1.2%  Unlock2.1%
 Food preparation, serving  Unlock9.0%5.4%
 Building maintenance2.3%  Unlock3.6%
 Personal care  Unlock2.6%2.6%
 Sales, office, administrative support19.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair5.2%  Unlock8.1%
 Production, transportation, material moving  Unlock11.4%13.1%
Reviews for Palatine    7 Reviews

No town is perfect. One flaw in Palatine are that it lacks enough updated, healthier food restaurants. A more serious flaw is that the elementary district does not  More

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Over 15 years ago

The correct total Sales Tax Rate for Palatine, Cook County, IL is 9.5%, not  More

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Over 15 years ago

Palatine is a great community for raising a family. Good schools and extremely low crime rate just add to that point. Minutes to Schaumburg and all the shopping and  More

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Reviews for Panama City    20 Reviews

Over 3 years ago

I moved here from Akron, OH back in 2007 and was expecting a huge city (similar to Miami), nope, I was wrong. It ended up being more like a backwards redneck town more  More

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Over 4 years ago

If you love bars, trailers, isolation, and generic shopping while feeling depressed then this is the place for you. Panama City has alot of shallow people, most red  More

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This review is from a 24 year resident moved from Michigan. When I first moved, I missed the bigger city things like a university, large library, electronics stores, and  More

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