NAICS 54

Professional, Scientific, and Technical Services in Panama City-Panama City Beach, FL

Metro Market Score 35.4 (Moderate), ranked #59 of 261 metros. 815 establishments, 5,495 jobs.

Metro Market Score 35.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national professional, scientific, and technical services average.

📈Rapid Growth

Panama City-Panama City Beach ranks in the top quartile for professional, scientific, and technical services market conditions, driven by above-average employment growth. With a market score of 35.4, conditions are relatively favorable compared to most metros.

Industry Concentration

83.1

LQ: 0.89

Rank #217 of 261 metros

Wage Competitiveness

27.6

$76,381 avg wage

Growth Trend

↑ 96.9

Employment growth index

Rank #9 of 261 metros

Wage Pressure

33.8

YoY wage change index

815 Professional, Scientific, and Technical Services Firms in Panama City-Panama City Beach

815

Establishments

+3.7% YoY

5,495

Total Employment

+11.2% YoY

$76,381

Average Annual Wage

+0.8% YoY

0.89

Location Quotient

Below national avg

Within Florida

#3 of 19

professional, scientific, and technical services metros in state

Florida state rank

#22 of 51

for professional, scientific, and technical services entry risk

vs State Median

-15.6

better than median (51.0)

Panama City-Panama City Beach vs Florida Statewide

How this metro's professional, scientific, and technical services market compares to Florida overall. The state ranks #22/51 for entry risk.

Measure	Panama City-Panama City Beach	FL Statewide
Overall Score	35.4 Moderate	38.2 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#59 of 261 metros	#22 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 Construction 38.1 Information 42.1 Retail Trade 50.1 Finance and Insurance 53.2 Real Estate and Rental and Leasing 65.4

Professional, Scientific, and Technical Services in Other Florida Metros

Sebring 24.8 #26/261 Ocala 29.8 #37/261 Homosassa Springs 36.2 #66/261 Deltona-Daytona Beach-Ormond Beach 41.2 #87/261 Wildwood-The Villages 41.5 #89/261 Punta Gorda 42.2 #93/261 Lakeland-Winter Haven 42.7 #97/261 Port St. Lucie 42.7 #98/261 Sebastian-Vero Beach-West Vero Corridor 51.0 #147/261 North Port-Bradenton-Sarasota 52.8 #155/261

+ 8 more metros. View all in Florida →

Professional, Scientific, and Technical Services Metros With Similar Conditions

Metros within 5 points of Panama City-Panama City Beach's 35.4 score. Useful when comparing markets with comparable entry profiles.

Racine-Mount Pleasant, WI 35.2 #58/261 Hot Springs, AR 35.5 #60/261 Kokomo, IN 35.5 #61/261 Gadsden, AL 35.5 #62/261 Salem, OR 35.1 #57/261 Houma-Bayou Cane-Thibodaux, LA 35.7 #63/261 Odessa, TX 35.7 #64/261 Manhattan, KS 34.8 #56/261 Oshkosh-Neenah, WI 36.1 #65/261 Homosassa Springs, FL 36.2 #66/261

Professional, Scientific, and Technical Services in States Bordering Florida

State-level entry risk for professional, scientific, and technical services in adjacent states. Use this to weigh cross-border options.

Alabama 29.4 #1/51 Georgia 43.5 #38/51

Browse Professional, Scientific, and Technical Services in Other States

State-level entry risk reports for professional, scientific, and technical services 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 professional, scientific, and technical services sector, the industry concentration component (83.1) 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