Panama City-Panama City Beach, FL metro area · also Panama City Beach

Average Salary in Panama City, FL

The average salary in Panama City, Florida is $57,610 a year ($27.70 an hour) across all jobs, and the median is $45,030, according to BLS estimates for May 2025 covering the Panama City-Panama City Beach, FL metro area. That is 19% less than the U.S. metro average ($70,751) and 10% less than the Florida average ($63,823).

$57,610average salary
$45,030median salary
97cost of living (U.S. = 100)
90,610jobs in the metro
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Average salary by job family in Panama City

Management$110,240
Legal$108,550
Computer and Mathematical$100,970
Architecture and Engineering$100,360
Healthcare Practitioners and Technical$97,070
Business and Financial Operations$84,760
Life, Physical, and Social Science$83,860
Arts, Design, Entertainment, Sports, and Media$57,270
Community and Social Service$54,320
Protective Service$53,980
Construction and Extraction$53,170
Installation, Maintenance, and Repair$52,650
Farming, Fishing, and Forestry$49,080
Production$48,520
Educational Instruction and Library$48,430
Office and Administrative Support$45,320
Sales and Related$44,080
Transportation and Material Moving$42,460
Healthcare Support$40,390
Food Preparation and Serving Related$35,840
Building and Grounds Cleaning and Maintenance$35,760
Personal Care and Service$35,620
BLS OEWS May 2025, all employers in the metro area.

Highest-paying jobs in Panama City

Most common jobs in Panama City and what they pay

JobJobsAverage salaryMedian
Retail Salespersons3,490$34,720$32,290
Fast Food and Counter Workers3,030$29,480$28,050
Cashiers2,580$30,540$29,080
Waiters and Waitresses2,520$40,650$34,990
General and Operations Managers2,080$110,560$86,070
Office Clerks, General1,760$44,510$42,840
Stockers and Order Fillers1,690$36,700$36,130
Janitors and Cleaners, Except Maids and Housekeeping Cleaners1,650$33,960$34,070
Registered Nurses1,610$79,170$75,310
Maintenance and Repair Workers, General1,580$44,550$39,540
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Cost of living in Panama City

Prices in the Panama City area are 3% below the U.S. average, with a BEA price parity of 97.3 for 2024. The average local salary of $57,610 therefore buys what $59,211 would buy in a typical U.S. metro. A typical home is worth $345,838, 5.1 times the median household income of $67,834.

$345,838typical home value
$67,834median household income
97.3BEA price parity
206,627metro population

Take-home pay in Panama City

Salary levelGrossAfter taxPer month
25th percentile wage$34,280$29,724$2,477
Median wage$45,030$38,362$3,197
Average wage$57,610$48,470$4,039
75th percentile wage$64,120$53,700$4,475

Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.

Compare Panama City with another city

Salaries for every job in Panama City

Management24 jobs
Legal2 jobs
Computer and Mathematical13 jobs
Architecture and Engineering15 jobs
Healthcare Practitioners and Technical28 jobs
Business and Financial Operations20 jobs
Life, Physical, and Social Science6 jobs
Arts, Design, Entertainment, Sports, and Media9 jobs
Community and Social Service10 jobs
Protective Service12 jobs
Construction and Extraction15 jobs
Installation, Maintenance, and Repair16 jobs
Farming, Fishing, and Forestry1 jobs
Production16 jobs
Educational Instruction and Library15 jobs
Office and Administrative Support33 jobs
Sales and Related15 jobs
Transportation and Material Moving15 jobs
Healthcare Support8 jobs
Food Preparation and Serving Related13 jobs
Building and Grounds Cleaning and Maintenance7 jobs
Personal Care and Service9 jobs

Average salary in nearby cities

Average salary in Florida

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Salary in Panama City: questions

What is a good salary in Panama City?

Half of all workers in the Panama City metro earn less than $45,030 and the average is $57,610. Earning more than $64,120 puts you in the top quarter of local wages.

How much do you need to earn in Panama City to match a $70,751 salary elsewhere?

About $68,838, because prices here are 3% below the U.S. average (BEA price parity 97.3).

What are the highest-paying jobs in Panama City?

Physicians, All Other ($258,500), Nurse Anesthetists ($213,180), Dentists, General ($202,370).

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