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Bay County, Florida Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Bay County, 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 Bay County, Florida

12:00 A.M. TO 4:59 A.M.   : 1,770   (2.7%)
5:00 A.M. TO 5:29 A.M.   : 1,800   (2.7%)
5:30 A.M. TO 5:59 A.M.   : 3,353   (5.1%)
6:00 A.M. TO 6:29 A.M.   : 6,533   (9.9%)
6:30 A.M. TO 6:59 A.M.   : 9,084   (13.8%)
7:00 A.M. TO 7:29 A.M.   : 11,810   (17.9%)
7:30 A.M. TO 7:59 A.M.   : 10,047   (15.2%)
8:00 A.M. TO 8:29 A.M.   : 5,241   (7.9%)
8:30 A.M. TO 8:59 A.M.   : 2,377   (3.6%)
9:00 A.M. TO 9:59 A.M.   : 2,719   (4.1%)
10:00 A.M. TO 10:59 A.M.   : 1,342   (2.0%)
11:00 A.M. TO 11:59 A.M.   : 635   (1.0%)
12:00 P.M. TO 3:59 P.M.   : 4,770   (7.2%)
4:00 P.M. TO 11:59 P.M.   : 4,506   (6.8%)


(updated 2010)



Household Size By Vehicles Available
(Bay County, Florida)

1-person household:

No vehicle available : 2,743

1 vehicle available : 13,253

2 vehicles available : 2,751

3 vehicles available : 355

4 or more vehicles available : 230

2-person household:

No vehicle available : 653

1 vehicle available : 6,580

2 vehicles available : 15,313

3 vehicles available : 2,566

4 or more vehicles available : 488

3-person household:

No vehicle available : 330

1 vehicle available : 2,004

2 vehicles available : 4,899

3 vehicles available : 2,779

4 or more vehicles available : 541

4-or-more-person household:

No vehicle available : 344

1 vehicle available : 2,121

2 vehicles available : 5,707

3 vehicles available : 2,686

4 or more vehicles available : 1,321


(updated 2013)



Household Size By Number Of Workers In Household
(Bay County, Florida)

1-person household:

No workers : 9,185

1 worker : 10,147

2-person household:

No workers : 8,424

1 worker : 9,082

2 workers : 8,094

3-person household:

No workers : 1,223

1 worker : 3,294

2 workers : 4,924

3 workers : 1,112

4-or-more-person household:

No workers : 664

1 worker : 4,359

2 workers : 5,749

3 or more workers : 1,407


(updated 2013)



Means of Transportation To Work
(Bay County, Florida)

Car, truck, or van:

Drove alone : 64,883

Carpooled:

In 2-person carpool : 6,772

In 3-person carpool : 900

In 4-person carpool : 160

In 5- or 6-person carpool : 96

In 7-or-more-person carpool : 24

Public transportation (excluding taxicab):

Bus or trolley bus : 521

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

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 69

Motorcycle : 430

Bicycle : 406

Walked : 1,307

Other means : 260

Worked at home : 1,846


(updated 2013)



Travel Time To Work
(Bay County, Florida)

Less than 5 minutes : 2,555

5 to 9 minutes : 10,028

10 to 14 minutes : 13,102

15 to 19 minutes : 13,667

20 to 24 minutes : 11,810

25 to 29 minutes : 4,907

30 to 34 minutes : 10,833

35 to 39 minutes : 837

40 to 44 minutes : 1,155

45 to 59 minutes : 3,392

60 to 89 minutes : 2,322

90 or more minutes : 1,220


(updated 2013)



Occupations in Bay County, Florida

Male:


  • Management, Professional, And Related Occupations: 8,793  (25.7%)
  • Service Occupations: 5,620  (16.4%)
  • Sales And Office Occupations: 5,964  (17.4%)
  • Farming, Fishing, And Forestry Occupations 400  (1.2%)
  • Construction, Extraction, And Maintenance Occupations: 7,680  (22.4%)

Female:


  • Management, Professional, And Related Occupations: 9,702  (31.6%)
  • Service Occupations: 7,164  (23.4%)
  • Sales And Office Occupations: 12,248  (39.9%)
  • Farming, Fishing, And Forestry Occupations 7  (0.0%)
  • Construction, Extraction, And Maintenance Occupations: 315  (1.0%)


(updated 2010)





Employment Rate In Bay County, Florida

Employed: 82,178
Unemployed: 2,632



Minority Owned Firms of 100 or More in
Bay County, Florida

  • Total Black-owned firms of 100 or more, percent 2002: 2.9%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 3.8%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 1.2%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 23.6%
  • Other: 68.5%



Water Usage In Bay County, Florida

Ground Water

 
Fresh 12.14 Mgal/d
Saline 0.00 Mgal/d

Total 12.14 Mgal/d
 

Surface Water

 
Fresh 45.68 Mgal/d
Saline 265.05 Mgal/d

Total 310.73 Mgal/d





There are 216 Farms In Bay County, Florida


(updated 2008)



Banks In Bay County, Florida

Regions Bank - 9 Branches


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

Trustmark National Bank - 8 Branches


    Bank Assets: $96.9m
    Industry Specialization: Commercial Lending
    Total Offices: 222

Whitney Bank - 7 Branches


    Bank Assets: $134.5m
    Industry Specialization: Commercial Lending
    Total Offices: 213

Suntrust Bank - 6 Branches


    Bank Assets: $1b
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Centennial Bank - 5 Branches


    Bank Assets: $33.3m
    Industry Specialization: Commercial Lending
    Total Offices: 166

Doral Bank - 4 Branches


    Bank Assets: $31.9m
    Industry Specialization: Commercial Lending
    Total Offices: 26

Ameris Bank - 3 Branches


    Bank Assets: $10.5m
    Industry Specialization: Commercial Lending
    Total Offices: 71

Wells Fargo Bank, National Association - 3 Branches


    Bank Assets: $4.3b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Branch Banking And Trust Company - 2 Branches


    Bank Assets: $367.2m
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

First National Bank Northwest Florida - 2 Branches


    Bank Assets: $213.5k
    Industry Specialization: Commercial Lending
    Total Offices: 2

(updated 2014)







Airports Near Bay County, Florida

  • Bay County


    (about 2.6 miles in Panama City, Florida; Airport Code: PFN)

  • Tyndall AFB


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

  • Northwest Florida Beaches International


    (about 13.4 miles in Panama City, Florida; Airport Code: ECP)

  • Vosikas


    (about 38.8 miles in Bonifay, Florida; Airport Code: FL3)

  • Apalachicola Regional


    (about 49.9 miles in Apalachicola, Florida; Airport Code: AAF)

  • Apalachicola Regional Cleve Randolph Field


    (about 49.9 miles in Apalachicola, Florida; Airport Code: AAF)

  • Destin-Ft. Walton Beach


    (about 51.2 miles in Destin, Florida; Airport Code: DSI)

  • Northwest Florida Regional


    (about 55.9 miles in Valparaiso, Florida; Airport Code: VPS)

  • Duke Field


    (about 60.5 miles in Duke Field Afs, Florida; Airport Code: EGI)

  • Duke Field (Eglin Af Aux Nr 3)


    (about 60.7 miles in Duke Field Afs, Florida; Airport Code: EGI)

  • Hurlburt Field


    (about 64.3 miles in Hurlburt Field, Florida; Airport Code: RQZ)

  • Bob Sikes


    (about 65.3 miles in Crestview, Florida; Airport Code: CEW)

  • Cairns AAF


    (about 73.1 miles in Daleville, Alabama; Airport Code: OZR)

  • Enterprise Municipal


    (about 76.2 miles in Enterprise, Alabama; Airport Code: ETS)

  • Dothan Regional


    (about 76.9 miles in Dothan, Alabama; Airport Code: DHN)

  • Tallahassee Regional


    (about 77.8 miles in Tallahassee, Florida; Airport Code: TLH)

  • Decatur County Industrial Air Park


    (about 79.0 miles in Brinson, Georgia; Airport Code: BGE)

  • Headland Municipal


    (about 81.5 miles in Headland, Alabama; Airport Code: VWA)

  • South Alabama Regional at Bill Benton Field


    (about 87.6 miles in Andalusia, Alabama; Airport Code: AL4)

  • Whiting Field NAS North


    (about 89.4 miles in Milton, Florida; Airport Code: NSE)


(updated 2015)



Modes of Transportation in Bay County, Florida

Car, Truck, Or Van:

 

Drove Alone

80.97%

Carpooled

13.09%

Public Transportation:

 

Bus Or Trolley Bus

0.19%

Streetcar Or Trolley Car

0.01%

Subway Or Elevated

0.0%

Railroad

0.01%

Ferryboat

0.0%

Taxicab

0.11%

Motorcycle

0.20%

Bicycle

0.53%

Walked

1.64%

Other Means

0.95%

Worked At Home

2.31%



(updated 2010)





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