Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Panama City is a moderately-sized city located in the state of Florida. The city has a population of 35,952 people. At 71%, the majority of the Panama City population is White; this is followed by 21% Black and 1% Asian. Single men and women might be happy to hear that in Panama City, only 50% of the population is married. If you prefer shorter commutes, living in Panama City will be a delight. With an average one-way commute time of just 20 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Are you trying to figure out if living in Panama City is the right fit for your lifestyle? To ensure a great experience before relocating to any new city in Florida, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Finding the best places to live in Panama City and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, health & safety, housing and other important metrics.
With a livability score of 69 out of 100, Panama City is ranked #7,090 in the United States and #398 in Florida. If we examine each of the categories individually, we see that Panama City ranks well for cost of living (A+), education (B) and housing (A). Panama City does not score well for the following: amenities (F), crime (F) and employment (D-). It might be a smart idea to take a closer look at each category to find out why.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Panama City excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Panama City. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Panama City are affordable. Median real estate prices in Panama City come in at $169,100, which is 1.4% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Panama City, the home price to income ratio is 3.5, which is 2.9% higher than the Florida average.
| Statistic | Panama City | Florida | National |
| Average one way commute | 20min | 27min | 26min |
| Workers who drive to work | 78.3% | 79.5% | 76.4% |
| Workers who carpool | 13.7% | 9.3% | 9.3% |
| Workers who take public transit | 0.9% | 2.1% | 5.1% |
| Workers who bicycle | 0.3% | 0.7% | 0.6% |
| Workers who walk | 1.2% | 1.5% | 2.8% |
| Working from home | 4.0% | 5.4% | 4.6% |
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