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 $11.35 $24.03 $27.46 $34.91 $18.83 $21.96 $24.81 $28.04 $16.69 $9.02 $12.84 $15.21 $17.76
Poverty Wage $5.80 $7.81 $9.82 $11.83 $7.81 $9.82 $11.83 $13.84 $3.90 $4.91 $5.91 $6.92
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 $2,986 $4,394 $6,613 $8,777 $5,474 $6,807 $8,786 $10,702 $5,474 $6,807 $8,786 $10,702
Child Care $0 $6,778 $10,216 $13,654 $0 $0 $0 $0 $0 $6,778 $10,216 $13,654
Medical $2,583 $8,332 $8,051 $8,109 $6,161 $8,051 $8,109 $7,779 $6,161 $8,051 $8,109 $7,779
Housing $8,261 $11,310 $11,310 $16,088 $9,693 $11,310 $11,310 $16,088 $8,261 $11,310 $11,310 $16,088
Transportation $4,236 $8,754 $9,189 $11,032 $8,754 $9,189 $11,032 $10,989 $8,754 $9,189 $11,032 $10,989
Other $2,656 $4,294 $4,736 $6,059 $4,294 $4,736 $6,059 $5,620 $4,294 $4,736 $6,059 $5,620
Required annual income after taxes $20,722 $43,862 $50,116 $63,718 $34,376 $40,094 $45,295 $51,177 $32,944 $46,872 $55,511 $64,831
Annual taxes $2,891 $6,119 $6,991 $8,889 $4,796 $5,593 $6,319 $7,139 $4,596 $6,539 $7,744 $9,044
Required annual income before taxes $23,613 $49,981 $57,107 $72,606 $39,172 $45,687 $51,614 $58,316 $52,081 $37,540 $53,410 $63,255 $73,875

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $86,254
Business & Financial Operations $59,071
Computer & Mathematical $68,255
Architecture & Engineering $83,691
Life, Physical, & Social Science $59,071
Community & Social Service $37,607
Legal $57,380
Education, Training, & Library $34,153
Arts, Design, Entertainment, Sports, & Media $38,222
Healthcare Practitioners & Technical $51,107
Healthcare Support $27,101
Protective Service $34,133
Food Preparation & Serving Related $20,059
Building & Grounds Cleaning & Maintenance $23,063
Personal Care & Service $21,669
Sales & Related $24,836
Office & Administrative Support $29,510
Farming, Fishing, & Forestry $30,463
Construction & Extraction $33,190
Installation, Maintenance, & Repair $37,341
Production $31,826
Transportation & Material Moving $26,394