Income/capita 23%
Household income 31%
Unemployment 30%
IndexPanama CityFloridaNational
Income per capita$22,995$27,598$29,829
Median household income$38,397$48,900$55,322
Median income owner occupied$53,227$59,209$70,586
Median income renter occupied$26,716$34,622$35,192
Median earnings male$28,405$31,444$36,919
Median earnings female$22,500$25,332$26,250
Unemployment rate6.1%4.9%4.7%
Poverty level22.0%16.1%15.1%

Key findings

  • The income per capita in Panama City is 23% lower than the national average
  • The median household income in Panama City is 31% lower than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Panama City is 30% higher than the national average
  • The poverty level in Panama City is 46% higher than the national average

Best Places for Employment in and Around Panama City

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Compare Panama City, FL Employment

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      According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

      Panama City median earnings by income bracket

      Panama City employment by industry

      Labour TypeMaleFemale
      Construction industry8.5%0.4%
      Manufacturing sector9.1%0.8%
      Financial & insurance services2.0%4.4%
      Wholesale & retail services20.9%14.2%
      Public administration7.7%4.9%
      Transportation, warehousing & utilities5.7%0.7%
      Education, health & social services6.5%38.0%

      Nearby cities with high median household income

      City, StatePopulationHousehold IncomeNational Avg.
      Lynn Haven, FL19,799$59,9488%
      Pretty Bayou, FL3,505$56,9693%
      Upper Grand Lagoon, FL15,771$56,5082%
      Tyndall AFB, FL3,444$54,6391%
      Panama City Beach, FL12,333$53,2514%
      Panama City, FL36,654$38,39731%

      Cities with similar population

      City, StatePopulationHousehold IncomeNational Avg.
      Winter Haven, FL36,669$39,73628%
      Pleasant Grove, UT36,678$64,12416%
      Commack, NY36,625$122,143121%
      New Albany, IN36,622$41,45625%
      Fort Lee, NJ36,607$75,44936%
      Panama City, FL36,654$38,39731%
      Source: The Panama City, FL employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).