Housing costs in Panama City?
A typical home costs
$332,700, which is 1.6% less expensive than the national average of
$338,100 and 8.2% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Panama City costs
$1,040 per month, which is 33.3% cheaper than the national average of
$1,560 and 25.0% cheaper than the state average of
$1,300.
Can I afford Panama City?
To live comfortably in Panama City (zip 32409), Florida, a minimum annual income of
$63,720 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Panama City?
The cost of living in 32409 Panama City, FL is generally quite reasonable. Rent prices are relatively low compared to other cities in the United States, with an average studio or one bedroom apartment costing around $650 per month. Groceries and dining out are also inexpensive, with meals at mid-range restaurants costing about $10-$15 per person. Gas prices are slightly higher than the national average, but still remain relatively affordable. Overall, there is a great balance between the cost of living and quality of life in 32409 Panama City, FL.