2025 Compare Cities Economy:
Panama City, FL vs Memphis, TN

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Highlights
- Household income in Memphis, is 15% less than it is in Panama City and is 57% below the National Average.
- Panama City unemployment rate is 5.3%.
- Memphis unemployment rate is 8.0%.
 Panama City, FLMemphis, TNUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock2.1%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$43,981$69,021
 Family Median Income$65,578  Unlock$85,028
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 Est. Households By Income
 Panama City, FLMemphis, TNUnited States
 Income Less Than 15K  Unlock17.7%9.4%
 Income between 15K and 20K4.2%  Unlock3.8%
 Income between 20K and 30K  Unlock12.0%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  Unlock9.2%9.6%
 Income between 75K and 100K14.2%  Unlock12.8%
 Income between 100K and 150K  Unlock9.6%16.3%
 Income between 150K and 200K3.8%  Unlock7.8%
 Income greater than 200K  Unlock4.7%9.5%
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 Population By Occupation
 Panama City, FLMemphis, TNUnited States
 Management, business, finance13.3%  Unlock16.4%
 Engineering, computers, science  Unlock3.7%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library5.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology7.9%  Unlock6.2%
 Healthcare support  Unlock3.4%3.3%
 Firefighters, law enforcement1.1%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance5.0%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support22.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair9.8%  Unlock8.1%
 Production, transportation, material moving  Unlock20.7%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 Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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