NAICS 52

Finance and Insurance in Panama City-Panama City Beach, FL

Metro Market Score 53.2 (Challenging), ranked #199 of 331 metros. 329 establishments, 2,028 jobs.

Metro Market Score 53.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national finance and insurance average.

At #199 of 331 metros, Panama City-Panama City Beach's finance and insurance sector scores 53.2 on the market index. Concentration (42.9), wage levels (61.6), and growth (41.7) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

42.9

LQ: 0.56

Rank #142 of 331 metros

Wage Competitiveness

61.6

$93,819 avg wage

Growth Trend

↓ 41.7

Employment growth index

Rank #194 of 331 metros

Wage Pressure

48.1

YoY wage change index

329 Finance and Insurance Firms in Panama City-Panama City Beach

329

Establishments

+6.5% YoY

2,028

Total Employment

-1.6% YoY

$93,819

Average Annual Wage

+7.0% YoY

0.56

Location Quotient

Below national avg

Within Florida

#13 of 22

finance and insurance metros in state

Florida state rank

#46 of 51

for finance and insurance entry risk

vs State Median

+0.6

worse than median (52.6)

Panama City-Panama City Beach vs Florida Statewide

How this metro's finance and insurance market compares to Florida overall. The state ranks #46/51 for entry risk.

Measure	Panama City-Panama City Beach	FL Statewide
Overall Score	53.2 Challenging	61.9 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#199 of 331 metros	#46 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Panama City-Panama City Beach

Other Services 35.0 Professional, Scientific, and Technical Services 35.4 Construction 38.1 Information 42.1 Retail Trade 50.1 Real Estate and Rental and Leasing 65.4

Finance and Insurance in Other Florida Metros

Ocala 27.9 #32/331 Punta Gorda 34.3 #72/331 Gainesville 38.7 #94/331 Homosassa Springs 39.0 #96/331 Deltona-Daytona Beach-Ormond Beach 39.8 #103/331 Palm Bay-Melbourne-Titusville 41.4 #112/331 Sebring 41.8 #117/331 Cape Coral-Fort Myers 45.6 #150/331 Tallahassee 49.3 #166/331 Port St. Lucie 50.7 #180/331

+ 11 more metros. View all in Florida →

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Panama City-Panama City Beach's 53.2 score. Useful when comparing markets with comparable entry profiles.

Saginaw, MI 53.3 #200/331 Chattanooga, TN 53.3 #201/331 Slidell-Mandeville-Covington, LA 53.3 #202/331 Scranton--Wilkes-Barre, PA 53.3 #203/331 Hilton Head Island-Bluffton-Port Royal, SC 53.4 #204/331 Rockford, IL 53.0 #198/331 Hot Springs, AR 53.0 #197/331 Oshkosh-Neenah, WI 53.0 #196/331 Grand Junction, CO 53.6 #205/331 Shreveport-Bossier City, LA 53.7 #206/331

Finance and Insurance in States Bordering Florida

State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.

Alabama 48.4 #18/51 Georgia 56.4 #40/51

Browse Finance and Insurance in Other States

State-level entry risk reports for finance and insurance across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Panama City-Panama City Beach's finance and insurance sector, the employment growth component (58.3) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Panama City-Panama City Beach, FL MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment