Panama City Beach, Florida

Panama City Beach, FL is #44.0 on the list Top 100 Best Cities to Work Remote in 2023

Cost of living in Panama City Beach, Florida

  • Cost of living compared to USAmoderate
  • Cost of living compared to Floridalow
  • Median household incomehigh

Is it expensive to live in Panama City Beach, Florida? When calculating the cost of living in Panama City Beach, Florida we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Panama City Beach, Florida is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Florida, while median household income in Panama City Beach is $65,253 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Florida.

Taxes in Panama City Beach, Florida

The sales tax rate in Panama City Beach, Florida is 7.0%. Last year, the average property taxes paid was 0.7% Panama City Beach, Florida.

The state of Florida is one of the states with no state income taxes.

Housing costs in Panama City Beach, Florida

  • The average cost of a single-family home compared to USAthe highest
  • The average cost of a single-family home compared to Floridahigh

In Panama City Beach, Florida, 62.0% of the population owns their homes, while approximately 38.0% rent. The average cost of a single-family home in Panama City Beach, Florida in 2022 is $495,913 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Florida. The average one-bedroom apartment cost is approximately $1,239 per month.

Rental SizeMonthly CostCompared to Florida
1 Bedroom$1,239moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,428moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,957moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$2,425moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
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Pros and Cons of living in Panama City Beach, Florida in reviews from users in their own words:

ProsCons
  • "beach people job opportunity "
  • "Nature, birds wild flowers pines and walnut and palm trees.. Winters weather ok. Cost of living ok. "
  • "cost of living"
  • "Hot weather HIGH humidity June, July, August, September. However some rain cooled relief summer. Hurricanes A lot of city blight. Trash and dumping laws poor. Low housing choices"