Panama City, Florida is a popular coastal city located on the northern edge of the Gulf of Mexico. It has a vibrant culture and many great attractions like St Andrews State Park and Shell Island. The city is also known for its beautiful beaches, making it an ideal destination for tourists and locals alike. According to BestPlaces, Panama City ranks highly in several categories such as its cost of living, housing market, job market, and overall quality of life. It is the second-best place in Florida for cost of living and the fifth-best place in the US overall. In terms of housing costs, Panama City is one of the most affordable cities in all of Florida with an average home value that sits below both state and national averages. The city also has a strong job market with unemployment rate roughly 2% lower than both state and national averages. The local quality of life is also very good with many amenities available nearby like parks, shopping centers, restaurants, libraries, etc. Overall Panama City offers great opportunities to live an enjoyable lifestyle at an affordable price - making it an attractive destination for those seeking a new home or vacation spot!
Best Places ranks thousands of places to live based on analysis, data and key statistics from the U.S. Census and our Best Places To Live Expert Insights.
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