Small Business in Panama City
The city's median age is 39, and the average household size is 2.25, indicating a mix of young professionals, families, and retirees contributing to local economic activity. The median household income stands at $61,125, reflecting the community’s purchasing power and potential demand for various services. Panama City supports a diverse small business ecosystem, this particular report covers 26 home service industries, with 2122 operating businesses.
Industries overview
Number of companies by home service industry in Panama City
| Category | Companies |
|---|---|
| 91 | |
| 63 | |
| 45 | |
| 110 | |
| 80 | |
| 148 | |
| 20 | |
| 51 | |
| 170 | |
| 94 | |
| 236 | |
| 134 | |
| 101 |
| Category | Companies |
|---|---|
| 90 | |
| 172 | |
| 190 | |
| 42 | |
| 202 | |
| 55 | |
| 125 | |
| 70 | |
| 183 | |
| 155 | |
| 75 | |
| 71 | |
| 49 |
New websites
159
+27.2%
in 2024 compared to 2023
Total websites
1,306
+14.1% (+159)
increase from 2023 to 2024
New websites
Recently created small business websites which provide services in Panama City
| Website | Created |
|---|---|
| Mar 13, 2025 | |
| Mar 05, 2025 | |
| Feb 23, 2025 | |
| Feb 19, 2025 | |
| Feb 19, 2025 | |
| Feb 18, 2025 | |
| Feb 13, 2025 | |
| Feb 08, 2025 | |
| Feb 01, 2025 | |
| Jan 24, 2025 |
New franchise locations
New home service franchise locations in Panama City
| Profile | Launched |
|---|---|
| Feb, 2025 | |
| Oct, 2024 | |
| Sep, 2024 | |
| Feb, 2024 | |
| Feb, 2024 | |
| Feb, 2023 | |
| Feb, 2023 | |
| Feb, 2023 | |
| Mar, 2022 | |
| Feb, 2022 | |
| Feb, 2022 | |
| Mar, 2021 | |
| Feb, 2021 | |
| Feb, 2020 | |
| Feb, 2020 | |
| Feb, 2020 | |
| Feb, 2020 |