Average Construction and Extraction Occupations Salary in Panama City-Panama City Beach, FL
In Panama City-Panama City Beach, FL, professionals in Construction and Extraction Occupations earn an average annual salary of $50,930. This figure is notably below the national average of $64,030, indicating localized economic factors or a different market dynamic at play within this Florida region. The specific demands and economic landscape of Panama City-Panama City Beach likely influence this compensation structure.
Executive Summary
- Average Salary: $50,930 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,720.
- Outlook: The construction and extraction sector in Panama City-Panama City Beach, FL, demonstrates a significant local presence, with a total workforce of 5,580 individuals. The Location Quotient of 1.54 suggests that this occupation group is 54% more concentrated in this area than the national average, pointing to a robust and potentially growing demand for these specialized skills within the local economy.
Salary Overview
The average Construction and Extraction Occupations in Panama City-Panama City Beach, FL earns-20.5%below the national average.
$24.5
$979
$4,244
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Construction and Extraction Occupations in Panama City-Panama City Beach, FL, have experienced growth over the past four years, mirroring national trends. Factors such as increased infrastructure projects, housing development, and general economic expansion typically drive upward salary adjustments in this sector.
Construction and Extraction Occupations Salary Distribution in Panama City-Panama City Beach, FL
Salary progression within Construction and Extraction Occupations is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with advanced skills and supervisory roles can expect significantly higher compensation. The percentile gaps in earnings clearly signify the career trajectory and earning potential available to those who advance within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $33,590 | $16.1 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $38,198 | $18.4 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $46,450 | $22.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $63,663 | $30.6 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $75,720 | $36.4 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$50,930
Gross Pay
Real Wage (Purchasing Power)
$50,930
Adjusted for COL (100)
The average annual salary of $50,930 in Panama City-Panama City Beach, FL, aligns perfectly with the national average cost of living (Index 100). This means that while the nominal salary is lower than the national average, the purchasing power of that income is comparable to the rest of the country, offering a stable financial environment for residents.
Job Market Context
5,580
Total Jobs
63.531
Per 1K Jobs
1.54
Location Quotient
Panama City-Panama City Beach, FL has 1.5x the national concentration of Construction and Extraction Occupations jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.54, Panama City-Panama City Beach, FL, exhibits a higher concentration of Construction and Extraction Occupations compared to the national average. This suggests a competitive job market where employers may actively seek skilled labor, potentially leading to more opportunities but also requiring professionals to highlight their expertise to stand out.
Nearby Job Markets
Nearby Cities for Construction and Extraction Occupations
| City | Salary | Dist. |
|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL Construction and Extraction Occupations Salary | $52,140↑ 2% | 69 mi |
| Dothan, AL Construction and Extraction Occupations Salary | $44,390↓ 13% | 72 mi |
| Tallahassee, FL Construction and Extraction Occupations Salary | $49,400↓ 3% | 82 mi |
| Pensacola-Ferry Pass-Brent, FL Construction and Extraction Occupations Salary | $50,990↑ 0% | 96 mi |
Comparing salaries near Panama City-Panama City Beach, FL
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Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Panama City-Panama City Beach, FL?
The median annual salary for a Construction and Extraction Occupations in Panama City-Panama City Beach, FL is $50,930. This typically ranges from $33,590 for entry-level positions to $75,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Panama City-Panama City Beach, FL is 20.5% lower than the national median of $64,030.
Is Panama City-Panama City Beach, FL a lucrative place for Construction and Extraction Occupationss?
No, not when compared to the national average salary.While the local cost of living is average, the average salary of $50,930 is significantly lower than the national average of $64,030 for these roles.
Is Panama City-Panama City Beach, FL a good place to live for Construction and Extraction Occupations?
The Cost of Living Index in Panama City-Panama City Beach, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Panama City-Panama City Beach, FL?
Some top paying nearby cities include Crestview-Fort Walton Beach-Destin, FL ($52,140) and Dothan, AL.
How does the local workforce size impact job prospects?
A local workforce of 5,580 indicates a substantial pool of professionals, suggesting a stable job market with ongoing demand for skilled individuals in Construction and Extraction Occupations.
What does a Location Quotient of 1.54 mean for job seekers?
A Location Quotient of 1.54 signifies that Construction and Extraction Occupations are more prevalent in Panama City-Panama City Beach, FL, than the national average, indicating a potentially stronger job market for these roles.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the $50,930 salary in Panama City-Panama City Beach, FL, offers purchasing power equivalent to the national average, making the lower nominal salary more manageable.
Are there more jobs per 1,000 workers in this sector locally?
Yes, with 63.531 jobs per 1,000 workers, Panama City-Panama City Beach, FL, has a higher concentration of Construction and Extraction jobs relative to its overall workforce compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,580 employees in the Panama City-Panama City Beach, FL area with a job density of 63.531 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Panama City-Panama City Beach, FL