Living Wage Calculation for Panama City, FL

The living wage shown is the hourly rate that an individual must earn to support their family, if they are the sole provider and are working full-time (2080 hours per year). All values are per adult in a family unless otherwise noted. The state minimum wage is the same for all individuals, regardless of how many dependents they may have. The poverty rate is typically quoted as gross annual income. We have converted it to an hourly wage for the sake of comparison.

For further detail, please reference the technical documentation here.

Hourly Wages 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Living Wage $11.89 $24.47 $28.43 $35.56 $19.18 $22.90 $25.35 $28.80 $26.00 $9.21 $13.32 $15.49 $18.16
Poverty Wage $5.84 $7.91 $9.99 $12.07 $7.91 $9.99 $12.07 $14.14 $3.96 $5.00 $6.03 $7.07
Minimum Wage $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25

*Documentation for families with an adult working part-time is available separately, here.

Typical Expenses

These figures show the individual expenses that went into the living wage estimate. Their values vary by family size, composition, and the current location.

Annual Expenses 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Food $2,994 $4,413 $6,644 $8,812 $5,489 $6,832 $8,822 $10,741 $5,489 $6,832 $8,822 $10,741
Child Care $0 $6,820 $10,280 $13,739 $0 $0 $0 $0 $0 $6,820 $10,280 $13,739
Medical $2,555 $8,476 $8,132 $8,214 $6,297 $8,132 $8,214 $7,933 $6,297 $8,132 $8,214 $7,933
Housing $8,704 $11,837 $11,837 $16,759 $10,105 $11,837 $11,837 $16,759 $8,704 $11,837 $11,837 $16,759
Transportation $4,623 $8,424 $9,905 $11,459 $8,424 $9,905 $11,459 $11,329 $8,424 $9,905 $11,459 $11,329
Other $2,824 $4,697 $5,099 $5,935 $4,697 $5,099 $5,935 $5,808 $4,697 $5,099 $5,935 $5,808
Required annual income after taxes $21,700 $44,666 $51,897 $64,918 $35,010 $41,805 $46,268 $52,570 $33,610 $48,625 $56,548 $66,309
Annual taxes $3,027 $6,231 $7,240 $9,056 $4,884 $5,832 $6,454 $7,334 $4,689 $6,783 $7,888 $9,250
Required annual income before taxes $24,727 $50,896 $59,136 $73,974 $39,894 $47,637 $52,722 $59,904 $54,071 $38,299 $55,408 $64,436 $75,560

Typical Annual Salaries

These are the typical annual salaries for various professions in this location.

Occupational Area Typical Annual Salary
Management $82,081
Business & Financial Operations $61,116
Computer & Mathematical $76,434
Architecture & Engineering $81,917
Life, Physical, & Social Science $56,723
Community & Social Service $37,456
Legal $58,894
Education, Training, & Library $35,161
Arts, Design, Entertainment, Sports, & Media $38,258
Healthcare Practitioners & Technical $53,524
Healthcare Support $28,249
Protective Service $34,431
Food Preparation & Serving Related $20,471
Building & Grounds Cleaning & Maintenance $23,280
Personal Care & Service $20,595
Sales & Related $24,247
Office & Administrative Support $29,946
Farming, Fishing, & Forestry $36,694
Construction & Extraction $35,367
Installation, Maintenance, & Repair $38,258
Production $31,232
Transportation & Material Moving $30,028