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 $17.37 $35.00 $44.78 $59.46 $27.33 $33.39 $38.16 $43.05 $13.29 $19.42 $24.53 $29.70
Poverty Wage $6.53 $8.80 $11.07 $13.34 $8.80 $11.07 $13.34 $15.61 $4.40 $5.54 $6.67 $7.81
Minimum Wage $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00

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 $3,926 $5,795 $8,707 $11,540 $7,198 $8,966 $11,564 $14,071 $7,198 $8,966 $11,564 $14,071
Child Care $0 $9,468 $18,935 $28,403 $0 $0 $0 $0 $0 $9,468 $18,935 $28,403
Medical $3,184 $9,190 $9,200 $9,126 $6,832 $9,200 $9,126 $9,279 $6,832 $9,200 $9,126 $9,279
Housing $11,616 $15,072 $15,072 $20,632 $12,905 $15,072 $15,072 $20,632 $11,616 $15,072 $15,072 $20,632
Transportation $5,477 $9,851 $12,045 $14,484 $9,851 $12,045 $14,484 $15,530 $9,851 $12,045 $14,484 $15,530
Civic $3,074 $6,107 $6,821 $9,300 $6,107 $6,821 $9,300 $7,395 $6,107 $6,821 $9,300 $7,395
Other $4,253 $7,420 $8,755 $9,610 $7,420 $8,755 $9,610 $10,749 $7,420 $8,755 $9,610 $10,749
Required annual income after taxes $31,661 $63,034 $79,667 $103,225 $50,444 $60,992 $69,286 $77,786 $49,154 $70,459 $88,221 $106,189
Annual taxes $4,462 $9,765 $13,470 $20,455 $6,393 $8,466 $10,096 $11,766 $6,140 $10,326 $13,816 $17,347
Required annual income before taxes $36,123 $72,799 $93,137 $123,680 $56,837 $69,458 $79,382 $89,552 $55,294 $80,786 $102,038 $123,536

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $84,465
Business & Financial Operations $67,883
Computer & Mathematical $85,039
Architecture & Engineering $93,286
Life, Physical, & Social Science $68,644
Community & Social Service $45,380
Legal $68,060
Education, Training, & Library $53,771
Arts, Design, Entertainment, Sports, & Media $48,423
Healthcare Practitioners & Technical $66,847
Healthcare Support $32,657
Protective Service $43,925
Food Preparation & Serving Related $26,064
Building & Grounds Cleaning & Maintenance $31,654
Personal Care & Service $29,625
Sales & Related $32,062
Office & Administrative Support $39,537
Farming, Fishing, & Forestry $41,080
Construction & Extraction $41,312
Installation, Maintenance, & Repair $41,588
Production $40,706
Transportation & Material Moving $34,245