Housing costs in Panama City?
A typical home costs
$269,200, which is 20.4% less expensive than the national average of
$338,100 and 25.7% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Panama City costs
$1,250 per month, which is 19.9% cheaper than the national average of
$1,560 and 4.0% cheaper than the state average of
$1,300.
Can I afford Panama City?
To live comfortably in Panama City (zip 32405), Florida, a minimum annual income of
$51,480 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Panama City?
The cost of living in 32405 Panama City, FL is generally considered to be higher than most other parts of the country. This is largely due to the high cost of housing, which is influenced by its close proximity to the beach and other attractions. Groceries, transportation and taxes also tend to be more expensive than average, but residents enjoy a relatively low unemployment rate and a strong economy. Despite the high costs associated with living in this area, many people are drawn to it because of its stunning views and convenient access to entertainment and recreational activities.