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Panama City Beach, FL
Full City Profile · Florida · Bay County County
3.3
/5.0
B
Good
18,493
Population
958/sq mi density
$78,921
Median Income
$50,766 per capita
$417,800
Home Value
$407,798 Zillow
$1,737
Median Rent
33.0% income on rent
68°F
Avg Temperature
306 sunny days/yr
1,003
Violent Crime/100K
6,347 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$78,921 median income, 1.6% unemployment
B+
Affordability
3.7 / 5.0
$417,800 home value, $1,737/mo rent
F
Safety
1.0 / 5.0
1,003 violent crimes/100K (164% above avg)
B+
Education
3.9 / 5.0
36.8% bachelor's degree or higher
Income Overview
Median Household Income
$78,921
5% above
US avg: $75,149
Per Capita Income
$50,766
30% above
US avg: $39,052
Unemployment Rate
1.6%
56% below
US avg: 3.6%
Poverty Rate
5.3%
57% below
US avg: 12.4%
Income Comparison: Panama City Beach vs. U.S. Average
Each bar shows Panama City Beach’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$78,921
105%
Per Capita
US: $39,052
$50,766
130%
IRS Avg AGI
US: $72,000
$74,882
104%
Avg Weekly Wage
US: $1,432
$1,027
72%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,027
28% below US avg ($1,432)
Mean Commute Time
24 min
14% below US avg (28 min)
Work From Home
10.7%
30% below US avg (15.2%)
Drive Alone
75.9%
4% above US avg (73.2%)
Public Transit
0.1%
97% below US avg (5.0%)
County GDP
$13,467M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
75.9%
Public Transit
0.1%
Work From Home
10.7%
Other
13.3%
Average commute time
24 minutes
US avg: 28 min
Business Landscape
Total Establishments
6,848
Restaurants
563
Healthcare
574
Retail
812
Manufacturing
108
Tax & Financial
IRS Avg Adjusted Gross Income
$74,882
4% above US avg ($72,000)
Avg Property Tax
$5,234
50% above US avg ($3,500)
Cost of Living Index
103.4
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $78,921 |
| Per Capita Income | $50,766 |
| IRS Avg Adjusted Gross Income | $74,882 |
| Avg Weekly Wage | $1,027 |
| County GDP | $13,467M |
Hardship Indicators
| Unemployment Rate | 1.6% |
| Poverty Rate | 5.3% |
| Gini Coefficient | 0.441 |
| Cost of Living Index | 103.4 |
Commute
| Mean Commute | 24 minutes |
| Drive Alone | 75.9% |
| Public Transit | 0.1% |
| Work From Home | 10.7% |
Businesses
| Total Establishments | 6,848 |
| Restaurants | 563 |
| Healthcare | 574 |
| Retail | 812 |
| Manufacturing | 108 |
Tax
| IRS Avg AGI | $74,882 |
| Avg Property Tax | $5,234 |