Panama City, FL, located in zip code 32401, is a vibrant coastal community surrounded by beautiful beaches and lush greenery. With a 2 bedroom rent of $1,200 and a grocery cost index of 95 compared to the US average of 100, Panama City is an affordable place to live that also offers plenty of recreational activities. Local companies in the area include Gulf Power Company, Coca Cola, Florida State University Panama City campus and Marine Industries Association of Northwest Florida. Attractions range from nature-based activities like kayaking St. Andrew's Bay to more urban offerings like shopping at Pier Park or attending events at the Marina Civic Center. With its unique blend of affordability and activities, Panama City makes for an ideal place to live or visit.
Panama City (zip 32401) has an unemployment rate of 5.3%. The US average is 6.0%.
Panama City (zip 32401) has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Panama City (zip 32401)
- The Sales Tax Rate for Panama City (zip 32401) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Panama City (zip 32401) 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 (zip 32401)
- The average income of a Panama City (zip 32401) resident is $27,511 a year. The US average is $37,638 a year.
- The Median household income of a Panama City (zip 32401) resident is $41,484 a year. The US average is $69,021 a year.