Average Medical and Health Services Managers Salary in Panama City-Panama City Beach, FL
In Panama City-Panama City Beach, FL, Medical and Health Services Managers earn an average annual salary of $109,540. This figure is notably below the national average of $137,170, reflecting regional economic factors and the specific demand dynamics within the local healthcare sector. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $109,540 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $159,190.
- Outlook: The local job market for Medical and Health Services Managers in Panama City-Panama City Beach, FL, shows a stable presence with a total workforce of 320 individuals. The Location Quotient of 0.99 indicates that the concentration of these professionals is nearly on par with the national average, suggesting a steady, albeit not exceptionally high, demand for their expertise within the region's healthcare infrastructure.
Salary Overview
The average Medical and Health Services Managers in Panama City-Panama City Beach, FL earns-20.1%below the national average.
$52.7
$2,107
$9,128
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data for Panama City-Panama City Beach is not provided, it's reasonable to assume that salaries for Medical and Health Services Managers nationwide have experienced a steady upward trend over the past four years, driven by increasing healthcare demands and administrative complexities. This national growth likely influences local compensation, even if regional factors moderate the extent of the increase.
Medical and Health Services Managers Salary Distribution in Panama City-Panama City Beach, FL
Career progression for Medical and Health Services Managers typically involves significant salary growth. Entry-level positions often start at lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting increased responsibility and proven leadership capabilities. The gap between entry-level and senior roles highlights the substantial earning potential as one advances in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,920 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $82,155 | $39.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $98,330 | $47.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $136,925 | $65.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $159,190 | $76.5 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$109,540
Gross Pay
Real Wage (Purchasing Power)
$109,540
Adjusted for COL (100)
The average annual salary of $109,540 in Panama City-Panama City Beach, FL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Medical and Health Services Manager's salary in this area is equivalent to the national average, suggesting that the nominal salary, while lower than the national average, offers a comparable standard of living.
Job Market Context
320
Total Jobs
3.631
Per 1K Jobs
0.99
Location Quotient
Panama City-Panama City Beach, FL has 0.99x the national average concentration of Medical and Health Services Managers 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 0.99, the job market for Medical and Health Services Managers in Panama City-Panama City Beach, FL, is neither significantly over- nor under-saturated compared to the national landscape. This suggests a balanced market where demand and supply are relatively stable, indicating consistent opportunities for qualified professionals without intense competition or a scarcity of roles.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL Medical and Health Services Managers Salary | $121,290↑ 11% | 69 mi |
| Dothan, AL Medical and Health Services Managers Salary | $95,590↓ 13% | 72 mi |
| Tallahassee, FL Medical and Health Services Managers Salary | $119,660↑ 9% | 82 mi |
| Pensacola-Ferry Pass-Brent, FL Medical and Health Services Managers Salary | $113,670↑ 4% | 96 mi |
Comparing salaries near Panama City-Panama City Beach, FL
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Panama City-Panama City Beach, FL?
The median annual salary for a Medical and Health Services Managers in Panama City-Panama City Beach, FL is $109,540. This typically ranges from $59,920 for entry-level positions to $159,190 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 20.1% lower than the national median of $137,170.
Is Panama City-Panama City Beach, FL a lucrative place for Medical and Health Services Managers?
No, but it offers a stable living standard.While the average salary of $109,540 is below the national average, the cost of living is also at the national average, making the purchasing power comparable. The market is stable with a near-national average concentration of professionals.
Is Panama City-Panama City Beach, FL a good place to live for Medical and Health Services Managers?
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 ($121,290) and Dothan, AL.
How does the Panama City salary compare to the national average?
The average salary for Medical and Health Services Managers in Panama City-Panama City Beach, FL, is $109,540, which is lower than the national average of $137,170.
What is the cost of living in Panama City-Panama City Beach, FL?
The cost of living in Panama City-Panama City Beach, FL, is exactly at the national average, with a Cost of Living Index of 100.
How concentrated are Medical and Health Services Managers in this area?
The concentration of Medical and Health Services Managers in Panama City-Panama City Beach, FL, is very close to the national average, indicated by a Location Quotient of 0.99.
What is the total number of Medical and Health Services Managers in the area?
There are approximately 320 Medical and Health Services Managers employed in the Panama City-Panama City Beach, FL, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Panama City-Panama City Beach, FL area with a job density of 3.631 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Panama City-Panama City Beach, FL