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Panama City, Florida

city · Bay County

At a glance

34,979
Population
$268,900
Median home value (all homes)
11% below U.S. median
$284,369
Typical market value
Zillow, 2026-08
$1,327/mo
Median rent
2% below U.S. median
$62,265
Median household income
21% below U.S. median
21.4 min
Average commute
87.9%
Homes with broadband
20.89%
Locations with fiber available
4.5%
Unemployment

Cost of living (Clay Affordability Index)

CAI 97 — 3% below the national average. how it's computed

Housing6% above
Goods & services2% below
Utilities7% above
Taxes63% below
Insurance49% above
Commute cost22% below
For business: Florida is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Colleges in town:
Nearest 4-year college4 mi
Nearest community college79 mi
Nearest technical college3 mi
High school graduates90.4%
College graduates26.4%

Doing business here

Economic development contacts, most local first:

city Panama City Economic Development
The Panama City Beach Chamber of Commerce advocates for the economic development of Panama City Beach and the surrounding areas, while partnering with the City of PCB, Visit PCB Tourist Development Council, and Bay EDA in developing a plan and marketing strategy, and bringing in more businesses and industry to Bay County, Florida.
state Enterprise Florida
Florida-based economic development organization page offering business development, export resources, and international trade information, with contact details for a regional business development team.
state Florida Economic Development Council
Florida Economic Development Council is a Florida-based economic development organization with a board of directors and staff, offering membership, advocacy, events, and professional development for Florida's economic development professionals.
State sales taxYes
State income taxNone
Right-to-work stateYes

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Lynn Haven, FL 6 mi · pop 20,081 · $320k
Panama City Beach, FL 9 mi · pop 18,971 · $441k