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 $11.89 $24.47 $28.43 $35.56 $19.18 $22.90 $25.35 $28.80 $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

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 $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 $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