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Panama City Beach City, Florida Economic Analysis

   (County: Bay County)

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Economic Analysis

People and the communities they live in depend on money. The people of Panama City Beach City, Florida need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Florida

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.66 5.08 6.83 0.00 7.04
  Total Electric Industry 7.77 6.66 5.08 6.83 0.00 7.04
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.91 6.77 5.19 6.85 0.00 7.16
  Total Electric Industry 7.91 6.77 5.19 6.85 0.00 7.16
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.75 6.58 5.02 6.81 0.00 6.99
  Total Electric Industry 7.75 6.58 5.02 6.81 0.00 6.99
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.69 5.26 6.96 0.00 7.20
  Total Electric Industry 7.99 6.69 5.26 6.96 0.00 7.20
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.78 6.35 5.13 6.72 0.00 6.96
  Total Electric Industry 7.78 6.35 5.13 6.72 0.00 6.96
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.82 6.39 5.16 6.69 0.00 7.01
  Total Electric Industry 7.82 6.39 5.16 6.69 0.00 7.01
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.63 5.11 6.80 0.00 7.18
  Total Electric Industry 7.99 6.63 5.11 6.80 0.00 7.18
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.08 6.62 5.04 6.80 0.00 7.19
  Total Electric Industry 8.08 6.62 5.04 6.80 0.00 7.19
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.89 6.38 4.81 6.64 0.00 7.01
  Total Electric Industry 7.89 6.38 4.81 6.64 0.00 7.01
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 6.22 4.77 6.61 0.00 6.85
  Total Electric Industry 7.73 6.22 4.77 6.61 0.00 6.85
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.25 4.84 6.96 0.00 6.91
  Total Electric Industry 7.77 6.25 4.84 6.96 0.00 6.91
2001              
  Full-Service Providers 8.59 7.08 5.18 7.60 0.00 7.67
  Total Electric Industry 8.59 7.08 5.18 7.60 0.00 7.67
2002              
  Full-Service Providers 8.16 6.64 5.23 7.43 0.00 7.31
  Total Electric Industry 8.16 6.64 5.23 7.43 0.00 7.31
2003              
  Full-Service Providers 8.55 7.13 5.41 0.00 7.21 7.72
  Total Electric Industry 8.55 7.13 5.41 0.00 7.21 7.72
2004              
  Full-Service Providers 8.99 7.61 5.84 0.00 7.45 8.16
  Total Electric Industry 8.99 7.61 5.84 0.00 7.45 8.16
2005              
  Full-Service Providers 9.62 8.16 6.46 0.00 8.03 8.76
  Total Electric Industry 9.62 8.16 6.46 0.00 8.03 8.76
2006              
  Full-Service Providers 11.33 9.91 7.71 0.00 10.32 10.45
  Total Electric Industry 11.33 9.91 7.71 0.00 10.32 10.45

(updated 2006)



Time Leaving to Work in Panama City Beach City, Florida

12:00 A.M. TO 4:59 A.M.   : 41   (1.1%)
5:00 A.M. TO 5:29 A.M.   : 55   (1.5%)
5:30 A.M. TO 5:59 A.M.   : 152   (4.2%)
6:00 A.M. TO 6:29 A.M.   : 275   (7.6%)
6:30 A.M. TO 6:59 A.M.   : 512   (14.2%)
7:00 A.M. TO 7:29 A.M.   : 489   (13.6%)
7:30 A.M. TO 7:59 A.M.   : 722   (20.1%)
8:00 A.M. TO 8:29 A.M.   : 288   (8.0%)
8:30 A.M. TO 8:59 A.M.   : 244   (6.8%)
9:00 A.M. TO 9:59 A.M.   : 139   (3.9%)
10:00 A.M. TO 10:59 A.M.   : 78   (2.2%)
11:00 A.M. TO 11:59 A.M.   : 39   (1.1%)
12:00 P.M. TO 3:59 P.M.   : 286   (8.0%)
4:00 P.M. TO 11:59 P.M.   : 277   (7.7%)


(updated 2010)



Means Of Transportation
(Panama City Beach City, Florida)

Car, truck, or van:

Drove alone : 5,954

Carpooled:

In 2-person carpool : 459

In 3-person carpool : 83

In 4-person carpool : 0

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 0

Public transportation (excluding taxicab):

Bus or trolley bus : 52

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 0

Motorcycle : 67

Bicycle : 13

Walked : 44

Other means : 24

Worked at home : 170


(updated 2009)



Travel Time To Work
(Panama City Beach City, Florida)

Less than 5 minutes : 582

5 to 9 minutes : 1,352

10 to 14 minutes : 1,144

15 to 19 minutes : 1,137

20 to 24 minutes : 738

25 to 29 minutes : 207

30 to 34 minutes : 626

35 to 39 minutes : 139

40 to 44 minutes : 193

45 to 59 minutes : 234

60 to 89 minutes : 173

90 or more minutes : 171


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Panama City Beach City, Florida)

With Social Security income : 2,267

No Social Security income : 4,342


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Panama City Beach City, Florida)

With retirement income : 1,796

No retirement income : 4,813


(updated 2009)



Family Income (Annual)
(Panama City Beach City, Florida)

Less than $10,000 : 147

$10,000 to $14,999 : 73

$15,000 to $19,999 : 93

$20,000 to $24,999 : 223

$25,000 to $29,999 : 175

$30,000 to $34,999 : 95

$35,000 to $39,999 : 272

$40,000 to $44,999 : 182

$45,000 to $49,999 : 303

$50,000 to $59,999 : 221

$60,000 to $74,999 : 459

$75,000 to $99,999 : 743

$100,000 to $124,999 : 454

$125,000 to $149,999 : 169

$150,000 to $199,999 : 176

$200,000 or more : 98


(updated 2009)



Median Family Income (Annual)
(Panama City Beach City, Florida)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $65,935


(updated 2009)



Occupations in Panama City Beach City, Florida

Male:


  • Management, Professional, And Related Occupations: 690  (33.9%)
  • Service Occupations: 350  (17.2%)
  • Sales And Office Occupations: 383  (18.8%)
  • Farming, Fishing, And Forestry Occupations 0  (0.0%)
  • Construction, Extraction, And Maintenance Occupations: 331  (16.2%)

Female:


  • Management, Professional, And Related Occupations: 539  (31.2%)
  • Service Occupations: 417  (24.1%)
  • Sales And Office Occupations: 721  (41.7%)
  • Farming, Fishing, And Forestry Occupations 7  (0.4%)
  • Construction, Extraction, And Maintenance Occupations: 18  (1.0%)


(updated 2010)





There are 18 Farms In Panama City Beach City, Florida


(updated 2008)



Banks In Panama City Beach City, Florida

Regions Bank - 4 Branches


    Bank Assets: $471.8m
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

Trustmark National Bank - 2 Branches


    Bank Assets: $24.2m
    Industry Specialization: Commercial Lending
    Total Offices: 222

Centennial Bank - 2 Branches


    Bank Assets: $13.3m
    Industry Specialization: Commercial Lending
    Total Offices: 166

Ameris Bank - 1 Branches


    Bank Assets: $3.5m
    Industry Specialization: Commercial Lending
    Total Offices: 71

First National Bank Northwest Florida - 1 Branches


    Bank Assets: $106.7k
    Industry Specialization: Commercial Lending
    Total Offices: 2

Wells Fargo Bank, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Branch Banking And Trust Company - 1 Branches


    Bank Assets: $183.6m
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

Doral Bank - 1 Branches


    Bank Assets: $7.9m
    Industry Specialization: Commercial Lending
    Total Offices: 26

Southeast First National Bank - 1 Branches


    Bank Assets: $64.8k
    Industry Specialization: Other < $1 Billion
    Total Offices: 3

Whitney Bank - 1 Branches


    Bank Assets: $19.2m
    Industry Specialization: Commercial Lending
    Total Offices: 213

(updated 2014)







Airports Near Panama City Beach City, Florida

  • Bay County


    (about 10.1 miles in Panama City, Florida; Airport Code: PFN)

  • Northwest Florida Beaches International


    (about 11.0 miles in Panama City, Florida; Airport Code: ECP)

  • Tyndall AFB


    (about 19.0 miles in Panama City, Florida; Airport Code: PAM)

  • Destin-Ft. Walton Beach


    (about 39.3 miles in Destin, Florida; Airport Code: DSI)

  • Vosikas


    (about 42.3 miles in Bonifay, Florida; Airport Code: FL3)

  • Northwest Florida Regional


    (about 44.5 miles in Valparaiso, Florida; Airport Code: VPS)

  • Duke Field


    (about 50.4 miles in Duke Field Afs, Florida; Airport Code: EGI)

  • Duke Field (Eglin Af Aux Nr 3)


    (about 50.6 miles in Duke Field Afs, Florida; Airport Code: EGI)

  • Hurlburt Field


    (about 52.2 miles in Hurlburt Field, Florida; Airport Code: RQZ)

  • Bob Sikes


    (about 56.2 miles in Crestview, Florida; Airport Code: CEW)


(updated 2015)



Modes of Transportation in Panama City Beach City, Florida

Car, Truck, Or Van:

 

Drove Alone

78.88%

Carpooled

11.38%

Public Transportation:

 

Bus Or Trolley Bus

0.0%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.78%

Bicycle

0.24%

Walked

4.96%

Other Means

0.78%

Worked At Home

2.97%



(updated 2010)





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