Moving to Panama City-Panama City Beach
What you need to know before relocating to Panama City-Panama City Beach, Florida. Data-driven insights on housing, jobs, safety, and quality of life.
Is Panama City-Panama City Beach a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Panama City-Panama City Beach compares favorably on multiple dimensions. Highlights include low unemployment rate (3.0%) signals a strong job market.
Panama City-Panama City Beach at a Glance
Cost of Living in Panama City-Panama City Beach
The median rent in Panama City-Panama City Beach is $1,506/month, while the median home value is $313,100. With a median household income of $69,690, residents spend roughly 26% of monthly income on rent.
Overall, the Panama City-Panama City Beach metro area is classified as average compared to other US metros.
Job Market
Panama City-Panama City Beach has a median household income of $69,690, which is 7% below the national median. The local unemployment rate is 3.0%, compared to the national average of 3.7%.
Safety in Panama City-Panama City Beach
The violent crime rate in Panama City-Panama City Beach is 290 per 100,000 residents, which is 24% below the national average of 380.
Property crime rate: 1516 per 100,000 residents.
Education in Florida
Florida has a high school graduation rate of 90% and per-pupil spending of $12,415/year. The student-to-teacher ratio is 16:1.
34% of Florida adults hold a bachelor's degree or higher.
Healthcare Access
Florida has 265 physicians per 100,000 residents, a 10.9% uninsured rate, and 2.6 hospital beds per 1,000 people. Life expectancy in Florida is 77.8 years.
Pros and Cons of Living in Panama City-Panama City Beach
+Pros
- ✓Low unemployment rate (3.0%) signals a strong job market
-Cons
- ✗Longer-than-average commute (94980 min)
Frequently Asked Questions
Is Panama City-Panama City Beach a good place to live?⌄
Panama City-Panama City Beach, Florida has several attributes that make it an attractive place to live, including low unemployment rate (3.0%) signals a strong job market. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Panama City-Panama City Beach?⌄
The median rent in Panama City-Panama City Beach is $1,506/month and the median home value is $313,100. The median household income is $69,690. Overall the metro is considered average.
Is Panama City-Panama City Beach safe?⌄
Panama City-Panama City Beach has a violent crime rate of 290 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Panama City-Panama City Beach?⌄
Panama City-Panama City Beach has an unemployment rate of 3.0%, compared to the national average of 3.7%. The median household income is $69,690.