Housing costs in Panama City Beach?
A typical home costs
$402,000, which is 18.9% more expensive than the national average of
$338,100 and 10.9% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Panama City Beach costs
$1,660 per month, which is 6.4% more than the national average of
$1,560 and 21.7% more than the state average of
$1,300.
Can I afford Panama City Beach?
To live comfortably in Panama City Beach (zip 32407), Florida, a minimum annual income of
$77,040 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Panama City Beach?
The cost of living in 32407 Panama City Beach, FL is fairly reasonable compared to other areas in the country. The average cost of housing is lower than the national average, with an estimated median home value of $251,800. Other expenses such as grocery and healthcare items are also lower than the national average. Additionally, many restaurants and shopping centers offer discounts to locals which help keep their prices reasonable. All in all, living in 32407 Panama City Beach, FL can be a great option for those looking for a good quality of life on a budget.