Here's what it costs to live in Panama City, Florida, based on the latest US government data. Renters pay a median of $1,327 per month, while the typical home is valued around $268,900. Households earn a median of $62,265 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
Median Household Income
$62,265
Annual · Census ACS
Median Gross Rent
$1,327
Per month · Census ACS
Median Home Value
$268,900
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,426
HUD Fair Market Rent
1BR Fair Market Rent
$1,480
HUD FMR
2BR Fair Market Rent
$1,682
HUD FMR
3BR Fair Market Rent
$2,169
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
| 🔧Plumber | N/A |
| ⚕️Nurse Practitioner | N/A |
| 🏗️Civil Engineer | N/A |
| 👔Operations Manager | N/A |
| 📈Market Research Analyst | N/A |
| 🏢Health Services Manager | N/A |
| 🚛Truck Driver | N/A |
| 👨⚕️Physician Assistant | N/A |
| 🩺Surgeon | N/A |
| 🧮Data Scientist | N/A |
| 🖥️Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
34,979
Latest estimate
Median Age
39.5 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,787
Per month
Avg Home Value
$230,500
Census ACS
Healthcare Score
28.9
poor
Hospitals
3
Doctors per 1,000
1.00
Insurance Coverage
82.2%
What is the cost of living index for Panama City?
The cost of living index for Panama City is not yet available in our database.
What is the median rent in Panama City?
The median gross rent in Panama City is $1,327 per month according to US Census ACS data.
What is the median household income in Panama City?
The median household income in Panama City is $62,265 per year.
What is the median home value in Panama City?
The median home value in Panama City is $268,900 based on the latest Census ACS survey.
How is the air quality in Panama City?
Air quality data for Panama City is not yet available.
What are the taxes like in Panama City?
Tax data for Florida is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
