salaryRent is higher than in 67% of U.S. cities. A typical house costs about 5.1 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $78,480 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Florida cities?
Yes. Rent here is cheaper than in most of Florida. It is number 238 of 479 cities from cheapest to most expensive.
How much do households earn in Panama City Beach?
Share of households by yearly income. 32.3% of households earn $100,000 or more.
Rent by apartment size in Panama City Beach
| Size | Panama City Beach | U.S. average |
|---|---|---|
| Studio | $1,501 | $1,338 |
| 1 bedroom | $1,810 | $1,324 |
| 2 bedrooms | $1,982 | $1,509 |
| 3 bedrooms | $1,973 | $1,698 |
| 4 bedrooms | $1,932 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Panama City Beach overall?
Everyday prices in the Panama City-Panama City Beach metro area are 3% below the U.S. average (index 97.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Panama City Beach
Life in Panama City Beach
What jobs pay in Panama City Beach
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $130,540 | 18.0% |
| Lawyer | $126,670 | 18.6% |
| Physician Assistant | $124,170 | 19.0% |
| Software Developer | $121,150 | 19.4% |
| Nurse Practitioner | $119,640 | 19.7% |
| Civil Engineer | $97,180 | 24.2% |
| Dental Hygienist | $87,360 | 27.0% |
| Operations Manager | $86,070 | 27.4% |
| Computer Systems Analyst | $84,580 | 27.8% |
| Registered Nurse | $75,310 | 31.3% |
| Accountant | $71,820 | 32.8% |
| Market Research Analyst | $65,000 | 36.2% |
| Police Officer | $58,750 | 40.1% |
| Elementary School Teacher | $58,640 | 40.2% |
| Licensed Practical Nurse | $56,120 | 42.0% |
| Electrician | $52,900 | 44.5% |
| HVAC Technician | $51,600 | 45.6% |
| Carpenter | $49,650 | 47.4% |
| Plumber | $47,800 | 49.3% |
| Truck Driver | $47,610 | 49.5% |
| Firefighter | $46,580 | 50.5% |
| Medical Assistant | $39,200 | 60.1% |
| Customer Service Representative | $36,900 | 63.8% |
| Nursing Assistant | $36,420 | 64.6% |
| Warehouse Worker | $36,230 | 65.0% |
| Restaurant Cook | $35,720 | 65.9% |
| Server (Waiter/Waitress) | $34,990 | 67.3% |
| Retail Salesperson | $32,290 | 72.9% |
| Cashier | $29,080 | 81.0% |
Is it cheaper to rent or buy in Panama City Beach?
Renting is cheaper right now: about $1,100 a month less.
Owning assumes a typical $441,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $44,130 for the down payment.
Frequently asked questions
What is the average rent in Panama City Beach, FL?
Renting in Panama City Beach costs a median of about $1,962 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Panama City Beach?
To keep rent under 30% of income, you need about $78,480 a year, or $38 an hour at a full-time job.
Is Panama City Beach cheap or expensive?
Panama City Beach is rated OK: rent takes 27.0% of the typical household income of $87,295. It ranks 238th cheapest of 479 Florida cities we track.
How much are property taxes in Panama City Beach?
The median homeowner in Panama City Beach pays $2,579 a year in property taxes, about 0.58% of the median home value.
Is Panama City Beach more expensive than the national average?
Overall prices in the metro area are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Panama City Beach?
The median home value in Panama City Beach is $441,300, about 5.1 times the typical yearly household income.
18,971 people live in Panama City Beach. Numbers are typical (middle) values.