Average Security Guards Salary in Panama City-Panama City Beach, FL
Security Guards in Panama City-Panama City Beach, FL, can expect an average annual salary of $37,760. This figure is notably below the national average of $42,450, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation for this vital role within the community.
Executive Summary
- Average Salary: $37,760 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $48,770.
- Outlook: With a local workforce of 520 Security Guards and a Location Quotient of 0.73, the job market in Panama City-Panama City Beach, FL, indicates a slightly lower concentration of these professionals compared to national averages. While not a high-demand hub, the presence of nearly 6 Security Guards per 1,000 workers suggests a stable, albeit not rapidly expanding, employment landscape for this profession.
Salary Overview
The average Security Guards in Panama City-Panama City Beach, FL earns-11.0%below the national average.
$18.2
$726
$3,147
Security Guards Salary Trends (2020-2024)
While specific historical data for Security Guard salary growth in Panama City-Panama City Beach, FL, is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national patterns. Economic factors and inflation typically drive modest annual increases, ensuring that salaries gradually adapt to the evolving economic conditions.
Security Guards Salary Distribution in Panama City-Panama City Beach, FL
Salary progression for Security Guards in Panama City-Panama City Beach, FL, typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills or supervisory responsibilities can command significantly higher salaries. The variance between the 25th and 75th percentile salaries highlights the potential for career advancement and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Cadet / RecruitAcademy training and probationary period. | 10% (Entry) | $27,240 | $13.1 |
| OfficerPatrol duties, handling standard calls. | 25% (Junior) | $28,320 | $13.6 |
| Senior OfficerField training officer, specialized unit. | 50% (Median) | $35,220 | $16.9 |
| Sergeant / Lt.Shift supervisor, squad leader. | 75% (Senior) | $47,200 | $22.7 |
| Captain / ChiefDepartment command and administration. | 90% (Expert) | $48,770 | $23.4 |
Detailed Security Guards Market Analysis
Relocation Context
Nominal Salary
$37,760
Gross Pay
Real Wage (Purchasing Power)
$37,760
Adjusted for COL (100)
The nominal average salary of $37,760 for Security Guards in Panama City-Panama City Beach, FL, aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Security Guard's salary in this location is equivalent to that of a Security Guard in a typical U.S. city, offering no distinct advantage or disadvantage in terms of affordability.
Job Market Context
520
Total Jobs
5.893
Per 1K Jobs
0.73
Location Quotient
Panama City-Panama City Beach, FL has 0.73x the national average concentration of Security Guards jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.73 for Security Guards in Panama City-Panama City Beach, FL, indicates that the profession is less concentrated locally than the national average. This suggests that while there is a steady presence of Security Guards, the market is not saturated, potentially offering opportunities for those entering the field, but also implying that the demand may not be exceptionally high compared to other regions.
Nearby Job Markets
Nearby Cities for Security Guards
| City | Salary | Dist. |
|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL Security Guards Salary | $39,570↑ 5% | 69 mi |
| Dothan, AL Security Guards Salary | $37,590↓ 0% | 72 mi |
| Tallahassee, FL Security Guards Salary | $37,370↓ 1% | 82 mi |
| Pensacola-Ferry Pass-Brent, FL Security Guards Salary | $38,080↑ 1% | 96 mi |
Comparing salaries near Panama City-Panama City Beach, FL
Hiring Security Guardss?
Frequently Asked Questions
How much does a Security Guards make in Panama City-Panama City Beach, FL?
The median annual salary for a Security Guards in Panama City-Panama City Beach, FL is $37,760. This typically ranges from $27,240 for entry-level positions to $48,770 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 11.0% lower than the national median of $42,450.
Is Panama City-Panama City Beach, FL a lucrative place for Security Guards?
No, not particularly lucrative compared to the national average.The average salary of $37,760 is below the national average, and the cost of living is on par with the national average, offering no significant financial advantage.
Is Panama City-Panama City Beach, FL a good place to live for Security Guards?
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 ($39,570) and Dothan, AL.
How does the local salary compare to the national average?
The average annual salary for Security Guards in Panama City-Panama City Beach, FL, is $37,760, which is lower than the national average of $42,450.
What is the concentration of Security Guards in this area?
The Location Quotient of 0.73 indicates that Security Guards are less concentrated in Panama City-Panama City Beach, FL, compared to the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local salary of $37,760 has the same purchasing power as the national average, meaning there's no cost-of-living-based advantage.
How many Security Guards are employed in Panama City-Panama City Beach, FL?
There are approximately 520 Security Guards 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 520 employees in the Panama City-Panama City Beach, FL area with a job density of 5.893 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Security Guards • Data source: BLS OEWS 2024 •Jobs in Panama City-Panama City Beach, FL