Panama City, Florida 

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Economy in Panama City, Florida

Panama City has an unemployment rate of 4.5%. The US average is 3.9%.

Panama City has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.

Tax Rates for Panama City
- The Sales Tax Rate for Panama City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Panama City is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Panama City
- The average income of a Panama City resident is $22,431 a year. The US average is $28,555 a year.
- The Median household income of a Panama City resident is $37,453 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYPanama City, FloridaUnited States
  3.9%3.7%
  2.0%1.6%
  27.2%33.5%
  7.0%6.2%
  0.0%4.6%
  $24,732$31,177
  $40,114$57,652
  $50,337$70,850
  POPULATION BY OCCUPATION
  0.5%1.3%
  0.1%0.6%
  5.6%6.2%
  4.6%10.4%
  3.1%2.7%
  13.7%11.6%
  3.4%4.1%
  0.9%0.9%
  3.1%2.1%
  3.0%4.7%
  2.1%1.9%
  4.4%6.7%
  0.0%0.1%
  8.0%4.3%
  8.0%9.3%
  15.6%13.8%
  2.4%2.2%
  11.4%7.4%
  4.2%4.9%
  5.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Panama City    18 Reviews
    Better wait until hurricane recovery is complete. - 3/31/2019
    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... Read More

    Start Your Review of Panama City


    Beautiful area, but economy and employment lacking - 10/17/2018
    I've lived in the Springfield area for just about 4 years, I'm military so I move a lot. Panama City definitely has it's pros and cons. Pros: The beaches. Some of... Read More

    drought - 10/11/2018
    It needs more rain. drought conditions prevail. Grass and trees need rain. Sun is nice but a little rain is... Read More


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    COMPARE COST OF LIVING
    Compare Panama City, Florida to any other place in the USA.

    MAPS OF PANAMA CITY, FLORIDA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Panama_City,Florida Map
    ZIP CODES IN PANAMA CITY, FLORIDA
    32405 32401

    NEW LISTINGS IN PANAMA CITY
    $1,999,900
    5208 Finisterre Dr
    Bed 5 | Bath 5

    $289,900
    7135 N Lagoon Dr
    Bed 3 | Bath 2

    $310,000
    4732 Bigleaf Ln
    Bed 3 | Bath 3

    $295,000
    116 Turtle Cv
    Bed 3 | Bath 2

    $312,000
    6423 Pinetree Ave
    Bed 3 | Bath 2

    $215,000
    3924 Treasure Cir
    Bed 2 | Bath 2

    $325,000
    2419 Grandiflora Blvd
    Bed 4 | Bath 4


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