Panama City, Florida is a great place to live with plenty of local amenities. Located in zip code 32405, this small city offers a variety of activities and services for its residents. For those looking to relocate to this area, there are several local companies that offer rental homes at an average price of $1,250 per month for two bedrooms. Residents also enjoy relatively low grocery costs with an index of 98 compared to 100 in the US. There is a wide selection of stores in and around Panama City including Walmart Supercenter, Publix Super Markets, Winn Dixie, Aldi Grocery Store and Sprouts Farmers Market. With all that it has to offer, Panama City is a great place to call home!
Panama City (zip 32405) has an unemployment rate of 5.3%. The US average is 6.0%.
Panama City (zip 32405) 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 32405)
- The Sales Tax Rate for Panama City (zip 32405) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Panama City (zip 32405) 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 32405)
- The average income of a Panama City (zip 32405) resident is $32,444 a year. The US average is $37,638 a year.
- The Median household income of a Panama City (zip 32405) resident is $61,947 a year. The US average is $69,021 a year.