Housing costs in Panama City Beach?
A typical home costs
$487,800, which is 44.3% more expensive than the national average of
$338,100 and 34.6% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Panama City Beach costs
$1,300 per month, which is 16.7% cheaper than the national average of
$1,560 and close to the state average of
$1,300.
Can I afford Panama City Beach?
To live comfortably in Panama City Beach (zip 32413), Florida, a minimum annual income of
$93,600 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Panama City Beach?
The cost of living in 32413 Panama City Beach, FL is generally higher than the national average. Groceries, housing, and transportation are all more expensive in this area than the national average. Rent for a one bedroom apartment can range anywhere from $800 - $1,600 depending on location and amenities. Eating out can be pricey as well, with some restaurants charging up to $20 for an entrée. Public transportation is limited in this area so most people rely on cars as their primary mode of transportation. Gas prices can average around $2.50 per gallon but may fluctuate due to seasonal trends. In spite of the higher costs, Panama City Beach offers many attractions that make it an attractive destination for tourists and residents alike.