Best Small Places for Business and Careers 2019

Panama City, FL

Panama City, FL
the place image

Panama City, FL

Panama City, FL
gross metro product
$10.4B
population
201.5K
median household income
$53,634
median home price
$218,000
college attainment
23.4%
net migration
420 (year: 2018)
unemployment
4.2%
major industries
Tourism, Aerospace & Defense
job growth
1.4% (year: 2018)
As of October 2019
Tyndall Air Force Base is located east of Panama City, and is part of Florida Army National Guard's 53rd Infantry Brigade. The base has a large influence on the surrounding people and economy. Panama City is also home to Gulf Coast State College, formerly Gulf Coast Community College, and is now a four year state college. Satellite campuses of Florida State University Panama City Campus and Troy University are located in the city. Embry Riddle Aeronautical University has a satellite campus on Tyndall Air Force Base.
On forbes lists
#163
In Cost of Doing Business
#41
In Job Growth
#119
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
1.4% (year: 2018)
Unemployment
4.2%
Median Household Income
$53,634
Household Income Growth
3.4%
High-Tech Employment
0.9%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.

More on Forbes