Housing costs in Panama City Beach?
A typical home costs
$472,900, which is 39.9% more expensive than the national average of
$338,100 and 30.5% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Panama City Beach costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 2.6% cheaper than the state average of
$1,560.
Can I afford Panama City Beach?
To live comfortably in Panama City Beach, Florida, a minimum annual income of
$90,720 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Panama City Beach?
The cost of living in Panama City Beach, FL is generally quite affordable. The median home price is below the national average and most basic goods and services are reasonably priced. Food and dining prices tend to be lower than the national average, helping to keep grocery bills down. Utilities costs are also competitively priced which can help to offset the relatively high rental costs in some areas. Overall, Panama City Beach offers a comfortable cost of living for those looking to move to or vacation in this popular resort city.