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 themsleves and/or their family, working full-time, or 2080 hours per year. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. In households with two working adults, all hourly values reflect what one working adult requires to earn to meet their families’ basic needs, assuming the other adult also earns the same.

The poverty wage and state minimum wage are for reference purposes. Poverty wage estimates come from the Department of Health and Human Services’ Poverty Guidelines for 2024 and have been converted from an annual value to an hourly wage for ease of comparison. The state minimum wage data is sourced from the Labor Law Center and includes the minimum wage in a given state as of January of that year.

For further detail, please reference the Methodology page. The data on this page was last updated on February 14, 2024.

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 $22.13 $36.76 $44.28 $56.46 $30.27 $36.35 $40.58 $44.31 $15.14 $20.54 $24.61 $27.98
Poverty Wage $7.24 $9.83 $12.41 $15.00 $9.83 $12.41 $15.00 $17.59 $4.91 $6.21 $7.50 $8.79
Minimum Wage $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00

Typical Expenses

The table below shows the costs of each basic need that go into estimating the living wage. Like with the living wage, their values vary by location and family size.

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 $4,371 $6,443 $9,665 $12,846 $8,014 $9,975 $12,847 $15,664 $8,014 $9,975 $12,847 $15,664
Child Care $0 $8,718 $16,019 $21,236 $0 $0 $0 $0 $0 $8,718 $16,019 $21,236
Medical $3,260 $11,585 $11,471 $11,942 $8,217 $11,471 $11,942 $11,530 $8,217 $11,471 $11,942 $11,530
Housing $15,307 $18,371 $18,371 $24,908 $15,645 $18,371 $18,371 $24,908 $15,645 $18,371 $18,371 $24,908
Transportation $9,521 $11,019 $13,880 $15,971 $11,019 $13,880 $15,971 $15,953 $11,019 $13,880 $15,971 $15,953
Civic $2,165 $3,810 $4,795 $5,553 $3,810 $4,795 $5,553 $5,191 $3,810 $4,795 $5,553 $5,191
Internet & Mobile $1,502 $1,502 $1,502 $1,502 $2,081 $2,081 $2,081 $2,081 $2,081 $2,081 $2,081 $2,081
Other $3,903 $6,966 $7,407 $10,238 $6,966 $7,407 $10,238 $9,841 $6,966 $7,407 $10,238 $9,841
Required annual income after taxes $40,029 $68,414 $83,109 $104,197 $55,752 $67,980 $77,003 $85,168 $55,752 $76,699 $93,022 $106,404
Annual taxes $5,998 $8,054 $8,983 $13,235 $7,220 $7,623 $7,396 $7,001 $7,220 $8,736 $9,344 $9,973
Required annual income before taxes $46,028 $76,469 $92,092 $117,432 $62,972 $75,603 $84,400 $92,169 $62,972 $85,435 $102,366 $116,378

Typical Annual Salaries

The average annual salaries for various occupations in the table below comes from the latest state-level data from the Bureau of Labor Statistics’ Occupational Employment and Wage Estimates. When available, this data is specific to a given metro area.

Occupational Area Typical Annual Salary
Management $99,990
Business & Financial Operations $71,440
Computer & Mathematical $87,790
Architecture & Engineering $90,050
Life, Physical, & Social Science $72,190
Community & Social Service $47,820
Legal $96,430
Education, Training, & Library $43,710
Arts, Design, Entertainment, Sports, & Media $51,290
Healthcare Practitioners & Technical $97,480
Healthcare Support $35,190
Protective Service $43,700
Food Preparation & Serving Related $29,700
Building & Grounds Cleaning & Maintenance $31,060
Personal Care & Service $31,580
Sales & Related $39,250
Office & Administrative Support $39,630
Farming, Fishing, & Forestry $40,280
Construction & Extraction $44,370
Installation, Maintenance, & Repair $45,770
Production $40,420
Transportation & Material Moving $38,380