Cost of living in Panama City, FL

Panama City is a Census city in Bay County, FL. ACS 2024 5-year population is 34,979. Median gross rent is $1,327 (ACS 2024 5-year, this place). Median home value is $268,900. Median household income is $62,265. Insurance is the NAIC state average; food is a USDA plan — no town indexes.