Panama City vs Tampa: Electrical Engineer Salary (2026)
Compare electrical engineer salaries between Panama City, FL and Tampa, FL. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Panama City, FL | Tampa, FL |
|---|---|---|
| Median Salary | $116,814▲ | $105,837 |
| Hourly Rate | $56.16▲ | $50.88 |
| Entry Level (P10) | $78,349▲ | $66,720 |
| 25th Percentile | $83,905▲ | $82,485 |
| 75th Percentile | $149,080▲ | $134,735 |
| Top Earner (P90) | $164,586 | $168,421▲ |
| Total Employed | 120 | 1,500▲ |
Verdict
Panama City and Tampa are closely matched on overall electrical engineer compensation, each winning on different metrics.
The salary gap between Panama City and Tampa is $10,977 (10.37%). Panama City's median is -6.57% compared to the US national median of $125,033.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Panama City spans $86,237,Tampa spans $101,701. Tampa has a wider pay range, suggesting more variation in pay between entry-level and experienced electrical engineers.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Panama City ($120,060 effective) pays 14.45% more than Tampa ($104,903 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Panama City if…
- ✓Higher median salary ($116,814/year)
- ✓Better purchasing power (CoL-adjusted: $120,060)
- ✓You prefer the Florida area and lifestyle
Choose Tampa if…
- ✓Better top-earner potential ($168,421)
- ✓Larger job market (1,500 employed)
- ✓You prefer the Florida area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, electrical engineer salaries in Panama City grew 30.4% from 2019 to 2025, compared to 7.2% growth in Tampa over the same period.
Panama City, FL
$86,420 (2019) → $112,700 (2025)
Tampa, FL
$95,220 (2019) → $102,110 (2025)
View Full Salary Data
Panama City, FL
Frequently Asked Questions
Which city pays electrical engineers more: Panama City or Tampa?
What is the hourly rate difference between Panama City and Tampa?
Should I relocate from Panama City to Tampa as a electrical engineer?
What do entry-level electrical engineers earn in Panama City vs Tampa?
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Written by Amina Patel, MEng, PE
Career Analyst
Amina has over 10 years of experience in power systems engineering. She works at a utility company specializing in renewable energy integration.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.65% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Amina Patel, MEng, PE, a licensed electrical engineer with 10+ years of clinical experience. · View source data at BLS.gov