2025 Compare Cities Economy:
Panama City, FL vs Lake City, FL

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Highlights
- Household income in Lake City, is 16% less than it is in Panama City and is 59% below the National Average.
- Panama City unemployment rate is 5.3%.
- Lake City unemployment rate is 4.9%.
 Panama City, FLLake City, FLUnited States
 Unemployment Rate  Unlock4.9%6.0%
 Recent Job Growth  Unlock0.2%1.6%
 Future Job Growth27.2%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$30,862  Unlock$37,638
 Household Income  Unlock$43,396$69,021
 Family Median Income$65,578  Unlock$85,028
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 Est. Households By Income
 Panama City, FLLake City, FLUnited States
 Income Less Than 15K  Unlock19.0%9.4%
 Income between 15K and 20K4.2%  Unlock3.8%
 Income between 20K and 30K  Unlock15.3%8.1%
 Income between 30K and 40K8.9%  Unlock8.0%
 Income between 40K and 50K  Unlock9.2%7.6%
 Income between 50K and 60K9.1%  Unlock7.2%
 Income between 60K and 75K  Unlock9.3%9.6%
 Income between 75K and 100K14.2%  Unlock12.8%
 Income between 100K and 150K  Unlock8.9%16.3%
 Income between 150K and 200K3.8%  Unlock7.8%
 Income greater than 200K  Unlock3.4%9.5%
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 Population By Occupation
 Panama City, FLLake City, FLUnited States
 Management, business, finance13.3%  Unlock16.4%
 Engineering, computers, science  Unlock5.9%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library5.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.8%2.0%
 Healthcare practitioners and technology7.9%  Unlock6.2%
 Healthcare support  Unlock6.1%3.3%
 Firefighters, law enforcement1.1%  Unlock2.1%
 Food preparation, serving  Unlock8.8%5.4%
 Building maintenance5.0%  Unlock3.6%
 Personal care  Unlock3.2%2.6%
 Sales, office, administrative support22.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair9.8%  Unlock8.1%
 Production, transportation, material moving  Unlock13.3%13.1%
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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Reviews for Lake City    6 Reviews

I have been here 7 years and until Covid hit, I thought is was okay despite a large number of Confederate flags. Covid brought the worst in people. I have been  More

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Over 16 years ago

You can always build a place of worship or build Jewish community. The Muslims just build their place of worship here and many Christians have their churches. Why  More

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I have lived all over the country from Missouri, Pennsylvania, and have finally found my niche here in Lake City, Florida. I love it here, and with the church I  More

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