Average Electricians Salary in Panama City-Panama City Beach, FL
Electricians in Panama City-Panama City Beach, FL, earn an average annual salary of $50,600. This figure is notably below the national average of $69,280, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation within this Florida locale.
Executive Summary
- Average Salary: $50,600 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,980.
- Outlook: With a local workforce of 550 electricians and a Location Quotient of 1.29, Panama City-Panama City Beach demonstrates a concentration of electrical professionals slightly above the national average. This indicates a stable, albeit not rapidly expanding, demand for skilled electricians, suggesting a robust job market that can support the existing workforce.
Salary Overview
The average Electricians in Panama City-Panama City Beach, FL earns-27.0%below the national average.
$24.3
$973
$4,217
Electricians Salary Trends (2020-2024)
While specific historical data for this region isn't provided, it's reasonable to assume that electrician salaries in Panama City-Panama City Beach have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for skilled trades, and infrastructure development likely contribute to a positive salary trajectory for electricians in the area.
Electricians Salary Distribution in Panama City-Panama City Beach, FL
The career path for an electrician typically involves significant salary progression based on experience. Entry-level electricians can expect to earn at the lower end of the pay scale, while those with extensive experience, specialized certifications, and supervisory roles will command higher salaries, often reaching into the upper percentiles of the earning spectrum.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $36,650 | $17.6 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $37,950 | $18.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $48,430 | $23.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $63,250 | $30.4 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $61,980 | $29.8 |
Detailed Electricians Market Analysis
Relocation Context
Nominal Salary
$50,600
Gross Pay
Real Wage (Purchasing Power)
$50,600
Adjusted for COL (100)
The average electrician salary of $50,600 in Panama City-Panama City Beach aligns precisely with the national average cost of living (100). This means that the nominal salary holds its purchasing power relative to the rest of the country, offering a balanced financial standing for electricians residing in this area.
Job Market Context
550
Total Jobs
6.217
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Panama City-Panama City Beach, FL has a slightly higher-than-average concentration of Electricians roles compared to the national norm.
The Location Quotient of 1.29 signifies that Panama City-Panama City Beach has a higher concentration of electricians relative to its general workforce compared to the national average. This suggests a healthy demand for these professionals, making the job market competitive but also indicating ample opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Electricians
| City | Salary | Dist. |
|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL Electricians Salary | $55,240↑ 9% | 69 mi |
| Dothan, AL Electricians Salary | $49,370↓ 2% | 72 mi |
| Tallahassee, FL Electricians Salary | $52,310↑ 3% | 82 mi |
| Pensacola-Ferry Pass-Brent, FL Electricians Salary | $53,330↑ 5% | 96 mi |
Comparing salaries near Panama City-Panama City Beach, FL
Hiring Electricianss?
Frequently Asked Questions
How much does a Electricians make in Panama City-Panama City Beach, FL?
The median annual salary for a Electricians in Panama City-Panama City Beach, FL is $50,600. This typically ranges from $36,650 for entry-level positions to $61,980 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 27.0% lower than the national median of $69,280.
Is Panama City-Panama City Beach, FL a lucrative place for Electricianss?
No, but it offers good value.While the average salary of $50,600 is below the national average, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Panama City-Panama City Beach, FL a good place to live for Electricians?
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 ($55,240) and Dothan, AL.
How does the local electrician salary compare to the national average?
The average electrician salary in Panama City-Panama City Beach, FL, is $50,600, which is lower than the national average of $69,280.
What is the concentration of electricians in Panama City-Panama City Beach, FL?
The Location Quotient for electricians is 1.29, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living affect the electrician salary in this area?
With a Cost of Living Index of 100, the local cost of living is on par with the national average, meaning the $50,600 salary offers standard purchasing power.
What is the total number of electricians in Panama City-Panama City Beach, FL?
There are approximately 550 electricians employed in the Panama City-Panama City Beach, FL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Panama City-Panama City Beach, FL area with a job density of 6.217 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Electricians • Data source: BLS OEWS 2024 •Jobs in Panama City-Panama City Beach, FL