In Panama City-Panama City Beach, FL, professionals in Installation, Maintenance, and Repair Occupations earn an average annual salary of $51,220. This figure is notably below the national average of $61,410, suggesting that local market dynamics, such as industry demand or the cost of doing business, play a significant role in compensation within this sector.
Executive Summary
- Average Salary: $51,220 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,490.
- Outlook: The local job market for Installation, Maintenance, and Repair Occupations in Panama City-Panama City Beach, FL, appears robust, with a total workforce of 4,290 individuals. The Location Quotient of 1.24 indicates a concentration of these roles that is 24% higher than the national average, signaling a strong and potentially growing demand for these skilled professionals in the region.
Salary Overview
The average Installation, Maintenance, and Repair Occupations in Panama City-Panama City Beach, FL earns-16.6%below the national average.
$24.6
$985
$4,268
Installation, Maintenance, and Repair Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Installation, Maintenance, and Repair Occupations have seen consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely driven by increasing demand for skilled trades and the essential nature of these services in maintaining infrastructure and consumer goods.
Installation, Maintenance, and Repair Occupations Salary Distribution in Panama City-Panama City Beach, FL
Within the Installation, Maintenance, and Repair Occupations field, career progression significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command substantially higher salaries, often reaching into the upper percentiles. The discernible gaps between salary percentiles highlight clear opportunities for career advancement and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $32,840 | $15.8 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $38,415 | $18.5 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $46,990 | $22.6 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $64,025 | $30.8 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $75,490 | $36.3 |
Detailed Installation, Maintenance, and Repair Occupations Market Analysis
Relocation Context
Nominal Salary
$51,220
Gross Pay
Real Wage (Purchasing Power)
$51,220
Adjusted for COL (100)
The average annual salary of $51,220 in Panama City-Panama City Beach, FL, aligns precisely with the national average cost of living, which is indexed at 100. This means that the purchasing power of the local salary is neither significantly enhanced nor diminished by the cost of everyday expenses, offering a stable financial baseline for residents.
Job Market Context
4,290
Total Jobs
48.768
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Panama City-Panama City Beach, FL has a slightly higher-than-average concentration of Installation, Maintenance, and Repair Occupations roles compared to the national norm.
With a Location Quotient of 1.24, Panama City-Panama City Beach, FL, demonstrates a higher concentration of Installation, Maintenance, and Repair Occupations compared to the national average. This suggests a competitive yet abundant job market where demand for these services is relatively strong, potentially offering more opportunities for skilled workers than in areas with a lower concentration.
Nearby Job Markets
Nearby Cities for Installation, Maintenance, and Repair Occupations
Comparing salaries near Panama City-Panama City Beach, FL
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Frequently Asked Questions
How much does a Installation, Maintenance, and Repair Occupations make in Panama City-Panama City Beach, FL?
The median annual salary for a Installation, Maintenance, and Repair Occupations in Panama City-Panama City Beach, FL is $51,220. This typically ranges from $32,840 for entry-level positions to $75,490 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 16.6% lower than the national median of $61,410.
Is Panama City-Panama City Beach, FL a lucrative place for Installation, Maintenance, and Repair Occupationss?
No, not more lucrative than the national average.While the local concentration of these jobs is higher than the national average, the average salary of $51,220 falls below the national average of $61,410.
Is Panama City-Panama City Beach, FL a good place to live for Installation, Maintenance, and Repair 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 ($55,790) and Dothan, AL.
How does the local workforce size impact job availability?
A local workforce of 4,290 individuals in Installation, Maintenance, and Repair Occupations suggests a substantial pool of talent and established industry presence, which can indicate both opportunities for new entrants and a competitive environment for existing workers.
What does a Location Quotient of 1.24 mean for job seekers?
A Location Quotient of 1.24 signifies that these occupations are more prevalent in Panama City-Panama City Beach, FL, than the national average, implying a potentially higher demand and more job openings relative to the overall workforce.
How does the cost of living affect the $51,220 salary?
With a Cost of Living Index of 100, the $51,220 salary in Panama City-Panama City Beach, FL, has purchasing power equivalent to the national average, meaning it is neither significantly strained nor boosted by local expenses.
Are there significant salary differences based on experience in this field locally?
Yes, as in most fields, experience plays a crucial role. Entry-level roles will command lower salaries, while senior technicians with specialized skills and years of experience can expect to earn considerably more, reflecting the typical career progression in skilled trades.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,290 employees in the Panama City-Panama City Beach, FL area with a job density of 48.768 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Installation, Maintenance, and Repair Occupations • Data source: BLS OEWS 2024 •Jobs in Panama City-Panama City Beach, FL