Panama City, FL (zip code 32409) is a great place to call home. This vibrant city has a population of around 37,000 and is located on Florida's stunning Gulf Coast. The average two bedroom rent in Panama City is $1,040 which is lower than the US average of $1,430. Another big benefit of living in Panama City are its lower grocery costs. According to Numbeo's cost-of-living index, groceries in Panama City are 1% cheaper than the US average.
Panama City offers residents plenty of employment opportunities with major employers such as Bay Medical Center Sacred Heart Health System, Gulf Coast Medical Center and Tyndall Air Force Base. Additionally, many local government offices also provide jobs for area residents. With its beautiful beaches and breathtaking views, Panama City has something to offer everyone!
Panama City (zip 32409) has an unemployment rate of 4.5%. The US average is 6.0%.
Panama City (zip 32409) 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 (zip 32409)
- The Sales Tax Rate for Panama City (zip 32409) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Panama City (zip 32409) 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 32409)
- The average income of a Panama City (zip 32409) resident is $25,239 a year. The US average is $28,555 a year.
- The Median household income of a Panama City (zip 32409) resident is $53,811 a year. The US average is $69,021 a year.