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 $16.71 $32.47 $40.49 $53.62 $25.52 $30.80 $35.91 $39.81 $12.50 $17.85 $22.86 $27.26
Poverty Wage $6.19 $8.38 $10.56 $12.74 $8.38 $10.56 $12.74 $14.92 $4.19 $5.28 $6.37 $7.46
Minimum Wage $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00

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 $3,351 $4,937 $7,417 $9,838 $6,143 $7,645 $9,856 $11,999 $6,143 $7,645 $9,856 $11,999
Child Care $0 $8,780 $17,561 $26,341 $0 $0 $0 $0 $0 $8,780 $17,561 $26,341
Medical $2,871 $9,662 $9,449 $9,758 $6,908 $9,449 $9,758 $9,547 $6,908 $9,449 $9,758 $9,547
Housing $11,039 $14,089 $14,089 $19,466 $11,980 $14,089 $14,089 $19,466 $11,039 $14,089 $14,089 $19,466
Transportation $5,509 $9,776 $12,709 $15,012 $9,776 $12,709 $15,012 $16,304 $9,776 $12,709 $15,012 $16,304
Civic $2,503 $4,019 $4,965 $6,483 $4,019 $4,965 $6,483 $5,153 $4,019 $4,965 $6,483 $5,153
Other $4,508 $6,723 $6,150 $8,948 $6,723 $6,150 $8,948 $8,655 $6,723 $6,150 $8,948 $8,655
Required annual income after taxes $29,903 $58,109 $72,463 $95,969 $45,671 $55,130 $64,270 $71,247 $44,730 $63,910 $81,831 $97,587
Annual taxes $4,848 $9,420 $11,747 $15,558 $7,404 $8,937 $10,419 $11,550 $7,251 $10,361 $13,266 $15,820
Required annual income before taxes $34,751 $67,529 $84,211 $111,527 $53,075 $64,067 $74,689 $82,797 $51,981 $74,271 $95,097 $113,408

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $77,650
Business & Financial Operations $69,507
Computer & Mathematical $79,223
Architecture & Engineering $93,079
Life, Physical, & Social Science $64,564
Community & Social Service $41,741
Legal $69,625
Education, Training, & Library $0
Arts, Design, Entertainment, Sports, & Media $41,912
Healthcare Practitioners & Technical $63,547
Healthcare Support $30,720
Protective Service $39,943
Food Preparation & Serving Related $24,203
Building & Grounds Cleaning & Maintenance $30,516
Personal Care & Service $25,883
Sales & Related $32,357
Office & Administrative Support $36,177
Farming, Fishing, & Forestry $56,560
Construction & Extraction $39,451
Installation, Maintenance, & Repair $41,644
Production $37,803
Transportation & Material Moving $33,138