Panama City Beach, FL is a great place to live due to its beautiful beaches and proximity to major attractions. The two bedroom rent in Panama City Beach is slightly higher than the US average of $1,430, but still quite affordable. Grocery costs for this area are slightly higher than the US average as well with an index of 102. This coastal city also offers plenty of local businesses which offer excellent services and amenities. For instance, there are many amazing restaurants such as Dead Fish Bar & Grill and popular tourist destinations including Shipwreck Island Water Park. There are also plenty of shops like Coastal Clothiers where you can find unique items for your home or wardrobe. With so much to enjoy, it's no wonder why Panama City Beach continues to be one of America's top tourist destinations.
Panama City Beach has an unemployment rate of 4.5%. The US average is 6.0%.
Panama City Beach has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Panama City Beach
- The Sales Tax Rate for Panama City Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Panama City Beach is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Panama City Beach
- The average income of a Panama City Beach resident is $32,271 a year. The US average is $28,555 a year.
- The Median household income of a Panama City Beach resident is $70,131 a year. The US average is $69,021 a year.