2025 Compare Cities Economy:
Panama City, FL vs Portsmouth, VA

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Highlights
- Household income in Portsmouth, is 5% more than it is in Panama City and is 28% below the National Average.
- Panama City unemployment rate is 5.3%.
- Portsmouth unemployment rate is 8.5%.
 Panama City, FLPortsmouth, VAUnited States
 Unemployment Rate  Unlock8.5%6.0%
 Recent Job Growth  Unlock1.3%1.6%
 Future Job Growth27.2%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock5.8%4.6%
 Income per Cap.$30,862  Unlock$37,638
 Household Income  Unlock$54,020$69,021
 Family Median Income$65,578  Unlock$85,028
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 Est. Households By Income
 Panama City, FLPortsmouth, VAUnited States
 Income Less Than 15K  Unlock13.0%9.4%
 Income between 15K and 20K4.2%  Unlock3.8%
 Income between 20K and 30K  Unlock11.0%8.1%
 Income between 30K and 40K8.9%  Unlock8.0%
 Income between 40K and 50K  Unlock9.0%7.6%
 Income between 50K and 60K9.1%  Unlock7.2%
 Income between 60K and 75K  Unlock12.2%9.6%
 Income between 75K and 100K14.2%  Unlock12.8%
 Income between 100K and 150K  Unlock13.6%16.3%
 Income between 150K and 200K3.8%  Unlock7.8%
 Income greater than 200K  Unlock2.9%9.5%
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 Population By Occupation
 Panama City, FLPortsmouth, VAUnited States
 Management, business, finance13.3%  Unlock16.4%
 Engineering, computers, science  Unlock5.5%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock0.8%1.2%
 Education, library5.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology7.9%  Unlock6.2%
 Healthcare support  Unlock5.2%3.3%
 Firefighters, law enforcement1.1%  Unlock2.1%
 Food preparation, serving  Unlock5.8%5.4%
 Building maintenance5.0%  Unlock3.6%
 Personal care  Unlock2.6%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  Unlock16.0%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 Portsmouth    4 Reviews

I have lived in Westhaven neighborhood in Portsmouth for 23 yrs. I have never smelled a paper mill in Portsmouth. I grew up in MA about a mile from one, so I know what  More

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Over 15 years ago

Housing not always  More

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Does anyone living near Portsmouth, VA smell a paper  More

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