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 $10.85 $23.19 $28.30 $35.32 $17.54 $21.92 $24.28 $27.33 $13.10 $8.45 $13.10 $15.38 $18.01
Poverty Wage $5.00 $7.00 $9.00 $11.00 $7.00 $9.00 $11.00 $13.00 $3.00 $4.00 $5.00 $6.00
Minimum Wage $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05

*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 $2,983 $4,516 $6,722 $8,882 $5,469 $6,921 $8,888 $10,799 $5,469 $6,921 $8,888 $10,799
Child Care $0 $7,818 $11,857 $15,896 $0 $0 $0 $0 $0 $7,818 $11,857 $15,896
Medical $2,235 $7,282 $6,995 $7,156 $5,299 $6,995 $7,156 $7,014 $5,299 $6,995 $7,156 $7,014
Housing $7,771 $10,430 $10,430 $14,742 $8,944 $10,430 $10,430 $14,742 $7,771 $10,430 $10,430 $14,742
Transportation $4,401 $8,358 $10,918 $11,911 $8,358 $10,918 $11,911 $11,951 $8,358 $10,918 $11,911 $11,951
Other $2,458 $4,008 $4,826 $6,010 $4,008 $4,826 $6,010 $5,474 $4,008 $4,826 $6,010 $5,474
Required annual income after taxes $19,847 $42,412 $51,749 $64,596 $32,078 $40,090 $44,395 $49,980 $30,905 $47,908 $56,252 $65,876
Annual taxes $2,727 $5,828 $7,111 $8,876 $4,408 $5,509 $6,100 $6,868 $4,247 $6,583 $7,729 $9,052
Required annual income before taxes $22,575 $48,240 $58,859 $73,472 $36,486 $45,599 $50,495 $56,848 $54,491 $35,152 $54,491 $63,981 $74,928

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $80,730
Business & Financial Operations $58,820
Computer & Mathematical $68,090
Architecture & Engineering $83,550
Life, Physical, & Social Science $57,380
Community & Social Service $37,960
Legal $58,680
Education, Training, & Library $34,130
Arts, Design, Entertainment, Sports, & Media $35,690
Healthcare Practitioners & Technical $50,230
Healthcare Support $25,150
Protective Service $33,160
Food Preparation & Serving Related $19,230
Building & Grounds Cleaning & Maintenance $22,670
Personal Care & Service $20,400
Sales & Related $23,270
Office & Administrative Support $27,840
Farming, Fishing, & Forestry $31,230
Construction & Extraction $30,720
Installation, Maintenance, & Repair $35,620
Production $31,850
Transportation & Material Moving $26,480