In Panama City-Panama City Beach, FL, professionals in Life, Physical, and Social Science Occupations earn an average annual salary of $79,700. This figure is notably below the national average of $91,840, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic landscape of the region plays a significant role in shaping these salary expectations.
Executive Summary
- Average Salary: $79,700 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,580.
- Outlook: The local job market for Life, Physical, and Social Science Occupations in Panama City-Panama City Beach, FL, appears stable with a total workforce of 660 individuals in these roles. A Location Quotient of 0.8 indicates that this sector is slightly less concentrated than the national average, suggesting a moderate but not overwhelmingly dominant presence. While not a major hub, the consistent presence of these roles points to ongoing, albeit localized, demand.
Salary Overview
The average Life, Physical, and Social Science Occupations in Panama City-Panama City Beach, FL earns-13.2%below the national average.
$38.3
$1,533
$6,642
Life, Physical, and Social Science Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Life, Physical, and Social Science Occupations in Panama City-Panama City Beach, FL, have experienced growth over the past four years, mirroring national trends. Economic development and increasing demand for specialized scientific expertise likely contribute to a gradual upward trajectory in compensation, even if the pace differs from larger metropolitan areas.
Life, Physical, and Social Science Occupations Salary Distribution in Panama City-Panama City Beach, FL
Career progression within Life, Physical, and Social Science Occupations in Panama City-Panama City Beach, FL, typically correlates with increased earning potential. Entry-level positions might start significantly below the average, while senior roles, requiring extensive experience and specialized skills, command higher salaries. The widening gap between entry-level and senior percentile salaries reflects the value placed on accumulated expertise and leadership within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $40,200 | $19.3 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $59,775 | $28.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $69,950 | $33.6 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $99,625 | $47.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $133,580 | $64.2 |
Detailed Life, Physical, and Social Science Occupations Market Analysis
Relocation Context
Nominal Salary
$79,700
Gross Pay
Real Wage (Purchasing Power)
$79,700
Adjusted for COL (100)
The average annual salary of $79,700 in Panama City-Panama City Beach, FL, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income locally is comparable to the national standard. Therefore, the $79,700 salary offers a standard of living equivalent to the national average.
Job Market Context
660
Total Jobs
7.508
Per 1K Jobs
0.8
Location Quotient
Panama City-Panama City Beach, FL has 0.80x the national average concentration of Life, Physical, and Social Science Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.8, the job market for Life, Physical, and Social Science Occupations in Panama City-Panama City Beach, FL, is slightly less concentrated than the national average. This suggests that while these professions are present and valued, they do not form an exceptionally dominant sector of the local economy. The market is neither oversaturated nor exceptionally scarce, indicating a balanced environment for professionals in these fields.
Nearby Job Markets
Nearby Cities for Life, Physical, and Social Science Occupations
| City | Salary | Dist. |
|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL Life, Physical, and Social Science Occupations Salary | $86,860↑ 9% | 69 mi |
| Dothan, AL Life, Physical, and Social Science Occupations Salary | $88,470↑ 11% | 72 mi |
| Tallahassee, FL Life, Physical, and Social Science Occupations Salary | $62,690↓ 21% | 82 mi |
| Pensacola-Ferry Pass-Brent, FL Life, Physical, and Social Science Occupations Salary | $73,780↓ 7% | 96 mi |
Comparing salaries near Panama City-Panama City Beach, FL
Hiring Life, Physical, and Social Science Occupationss?
Frequently Asked Questions
How much does a Life, Physical, and Social Science Occupations make in Panama City-Panama City Beach, FL?
The median annual salary for a Life, Physical, and Social Science Occupations in Panama City-Panama City Beach, FL is $79,700. This typically ranges from $40,200 for entry-level positions to $133,580 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 13.2% lower than the national median of $91,840.
Is Panama City-Panama City Beach, FL a lucrative place for Life, Physical, and Social Science Occupationss?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $79,700 is below the national average of $91,840, indicating less lucrative opportunities locally.
Is Panama City-Panama City Beach, FL a good place to live for Life, Physical, and Social Science 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 ($86,860) and Dothan, AL.
How does the local job market compare to the national average for these science roles?
The local market in Panama City-Panama City Beach, FL, has a slightly lower concentration of Life, Physical, and Social Science Occupations compared to the national average, as indicated by a Location Quotient of 0.8.
What is the purchasing power of a $79,700 salary in Panama City-Panama City Beach, FL?
With a Cost of Living Index of 100, the purchasing power of $79,700 in Panama City-Panama City Beach, FL, is equivalent to the national average, meaning your money goes as far as it would nationally.
How many Life, Physical, and Social Science professionals work in Panama City-Panama City Beach, FL?
There are approximately 660 individuals employed in Life, Physical, and Social Science Occupations within the Panama City-Panama City Beach, FL, metropolitan area.
Are there many job opportunities for Life, Physical, and Social Science Occupations in this area?
There are 7.508 jobs per 1,000 workers in these fields, indicating a steady presence and demand, though the sector is not as concentrated as 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 660 employees in the Panama City-Panama City Beach, FL area with a job density of 7.508 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Life, Physical, and Social Science Occupations • Data source: BLS OEWS 2024 •Jobs in Panama City-Panama City Beach, FL