Housing costs in Panama City?
A typical home costs
$347,000, which is 2.6% more expensive than the national average of
$338,100 and 4.2% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Panama City costs
$1,300 per month, which is 9.1% cheaper than the national average of
$1,430 and 20.0% cheaper than the state average of
$1,560.
Can I afford Panama City?
To live comfortably in Panama City Flor Metro Area, Florida, a minimum annual income of
$66,600 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Panama City?
The cost of living in Panama City, FL Metro Area is lower than the US average at 94.7 compared to 100. This means that housing and other costs are relatively cheaper for those living in this area when compared to other parts of the country. The median house value here is also lower than the national average, at $347000 compared to $338100. This makes Panama City, FL Metro Area an attractive option for those looking to buy a home as they can get more bang for their buck.