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45% Rent
vs
55% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in Panama City, FL is 45% renters and 55% owners. The monthly average cost of rent in Panama City is $1,074 per month and the yearly average income is $70,585 per year. This compares to an average rent of $1,230 in FL and $1,003 in the US. This data was last updated in October 2023
Commuting to Work
Last Updated October 2023
Residents of Panama City, FL spend an average of 21.0 minutes commuting to work. 59% have short commutes under 20 minutes, 36% travel between 20 and 60 minutes, and 6% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In Panama City, FL, 1% of residents rely on public transportation, 1% commute on foot, 0% use bicycles, and 98% opt for other modes such as cars and ride-sharing.
What is the average rating of a community in Panama City?
The average rating is 2/5 stars.
What is the average price for a 2 Bedrooms + 2 Bathrooms in Panama City?
The average price is $1,814.54.
What is the average price for a 1 Bedroom + 1 Bathroom in Panama City?
The average price is $1,418.35.
What is the average price for a Studio + 1 Bathroom in Panama City?
The average price is $949.00.
What is the average monthly rent for Panama City?
Based on 2023 city data, the average monthly rent is $1,074.00.
What is the average commute time?
Based on 2017 city data, the average commute is 21 mins.