Living Wage Calculation for Panama City, FL

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's 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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Living Wage $11.91 $24.35 $28.68 $35.73 $19.05 $23.06 $25.43 $29.40 $9.21 $13.43 $15.58 $18.52
Poverty Wage $6.00 $8.13 $10.25 $12.38 $8.13 $10.25 $12.38 $14.50 $4.06 $5.13 $6.19 $7.25
Minimum Wage $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46

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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Food $3,010 $4,446 $6,682 $8,863 $5,518 $6,877 $8,872 $10,802 $5,518 $6,877 $8,872 $10,802
Child Care $0 $6,932 $10,449 $13,966 $0 $0 $0 $0 $0 $6,932 $10,449 $13,966
Medical $2,485 $7,905 $7,616 $7,737 $5,894 $7,616 $7,737 $7,638 $5,894 $7,616 $7,737 $7,638
Housing $9,111 $12,049 $12,049 $16,884 $10,240 $12,049 $12,049 $16,884 $9,111 $12,049 $12,049 $16,884
Transportation $4,322 $8,425 $10,689 $11,645 $8,425 $10,689 $11,645 $12,206 $8,425 $10,689 $11,645 $12,206
Other $2,812 $4,688 $4,867 $6,123 $4,688 $4,867 $6,123 $6,126 $4,688 $4,867 $6,123 $6,126
Required annual income after taxes $21,741 $44,444 $52,352 $65,217 $34,766 $42,099 $46,425 $53,657 $33,637 $49,031 $56,874 $67,623
Annual taxes $3,033 $6,200 $7,303 $9,098 $4,850 $5,873 $6,476 $7,485 $4,692 $6,840 $7,934 $9,433
Required annual income before taxes $24,774 $50,644 $59,656 $74,315 $39,616 $47,971 $52,901 $61,142 $38,329 $55,870 $64,808 $77,056

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $74,417
Business & Financial Operations $59,556
Computer & Mathematical $79,540
Architecture & Engineering $80,790
Life, Physical, & Social Science $60,013
Community & Social Service $37,335
Legal $58,672
Education, Training, & Library $35,709
Arts, Design, Entertainment, Sports, & Media $38,738
Healthcare Practitioners & Technical $54,565
Healthcare Support $28,401
Protective Service $35,231
Food Preparation & Serving Related $20,289
Building & Grounds Cleaning & Maintenance $24,446
Personal Care & Service $21,793
Sales & Related $25,605
Office & Administrative Support $29,986
Farming, Fishing, & Forestry $39,521
Construction & Extraction $35,933
Installation, Maintenance, & Repair $37,407
Production $30,525
Transportation & Material Moving $30,718