2025 Compare Cities Economy:
Palm Bay, FL vs Panama City, FL

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Highlights
- Household income in Panama City, is 8% less than it is in Palm Bay and is 34% below the National Average.
- Palm Bay unemployment rate is 4.9%.
- Panama City unemployment rate is 5.3%.
 Palm Bay, FLPanama City, FLUnited States
 Unemployment Rate  Unlock5.3%6.0%
 Recent Job Growth  Unlock2.0%1.6%
 Future Job Growth42.2%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$27,695  Unlock$37,638
 Household Income  Unlock$51,569$69,021
 Family Median Income$63,148  Unlock$85,028
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 Est. Households By Income
 Palm Bay, FLPanama City, FLUnited States
 Income Less Than 15K  Unlock13.2%9.4%
 Income between 15K and 20K4.3%  Unlock3.8%
 Income between 20K and 30K  Unlock11.8%8.1%
 Income between 30K and 40K10.9%  Unlock8.0%
 Income between 40K and 50K  Unlock10.1%7.6%
 Income between 50K and 60K11.1%  Unlock7.2%
 Income between 60K and 75K  Unlock10.3%9.6%
 Income between 75K and 100K13.3%  Unlock12.8%
 Income between 100K and 150K  Unlock10.2%16.3%
 Income between 150K and 200K3.3%  Unlock7.8%
 Income greater than 200K  Unlock4.1%9.5%
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 Population By Occupation
 Palm Bay, FLPanama City, FLUnited States
 Management, business, finance11.7%  Unlock16.4%
 Engineering, computers, science  Unlock6.2%6.5%
 Community, social services1.1%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library5.2%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology6.6%  Unlock6.2%
 Healthcare support  Unlock1.7%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock9.0%5.4%
 Building maintenance4.3%  Unlock3.6%
 Personal care  Unlock2.6%2.6%
 Sales, office, administrative support24.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair10.1%  Unlock8.1%
 Production, transportation, material moving  Unlock11.4%13.1%
Reviews for Palm Bay    27 Reviews

I moved to Palm Bay in 2020 and the cost of living has skyrocketed! A two bedroom apartment was around $900/month in 2020. Now it's $1600 and up. Mostly up. A three  More

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My family of 4 have lived here in NW Palm Bay for over 10 years. My wife and my son from another marriage lived here for over 7 before that. I myself have lived here for  More

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I lived in Palm Bay for 12 years. It's a very unfriendly and crowded place to live. It's well into the 90's from late April till right around the 10th of November. The  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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