Panama City, FL Utility & Living Guide

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Panama City, FL Utility & Living Guide

Panama City is a city in and the county seat of Bay County, Florida, United States. Located along U.S.

Last updated: July 8, 2026
Total Utilities$255/mo
1BR Rent$842/mo
Sales Tax7.5%
COL Index105 (+5% above national average)
Family Score6/10
Median Home$129,400
📷 Live Cameras — Panama City
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🌤️ Live Weather — Panama City
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Living in Panama City, summers are hot, with Aug highs around 86.4°F, while winters stay mild, with Jan lows rarely below 48.6°F. At just 783 heating degree days per year, home heating costs are minimal. Annual rainfall reaches 62.4 inches, mostly summer thunderstorms. Within 5 miles: 47 parks, 4 groceries, 25 dining spots and 12 schools. For hospital care, the nearest facility is in a neighboring city. Median household income: $45,222. With a 30.0% poverty rate and 73.3% homeownership, the community reflects a stable residential mix. Nearby cities: Lynn Haven (6mi N), Panama City Beach (9mi W), Alys Beach (24mi W). Air quality is Good — avg AQI 42 over the past week.
📍 City Briefing
Living in Panama City, summers are hot, with Aug highs around 86.4°F, while winters stay mild, with Jan lows rarely below 48.6°F. At just 783 heating degree days per year, home heating costs are minimal. Annual rainfall reaches 62.4 inches, mostly summer thunderstorms. Within 5 miles: 47 parks, 4 groceries, 25 dining spots and 12 schools. For hospital care, the nearest facility is in a neighboring city. Median household income: $45,222. With a 30.0% poverty rate and 73.3% homeownership, the community reflects a stable residential mix. Nearby cities: Lynn Haven (6mi N), Panama City Beach (9mi W), Alys Beach (24mi W). Air quality is Good — avg AQI 42 over the past week.
⚠️ Natural Hazard History — Panama City
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💰 Budget Calculator
🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$120/mo

Gulf Power
🔥 Gas

—

N/A
💧 Water

$45/mo

Panama City Utilities
🗑️ Garbage

$25/mo

Panama City Solid Waste
📶 Internet

$65/mo

Combined Average Overhead$255/month

Housing Market

Rent & Property
1 Bedroom$842/mo
2 Bedrooms$936/mo
3 Bedrooms$1170/mo
Median Home Price$129,400
Property Tax Rate1.1%
Avg Childcare/mo$1000

Housing costs are rising due to demand from retirees and remote workers. Beachfront properties command premium prices.

Cost of Living

Overall COL Index

105

US national avg = 100
vs National Avg

+5% above national average

Groceries

102

Transportation

98

Healthcare

100

Childcare/mo

$1000

Tax Rates

Tax Overview
Total Sales Tax7.5%
Property Tax Rate1.1%
<p>State 6% + County 1.5%</p>

Florida has no state income tax.

Family & Relocation

Family Vibe Score
6/10
Safety Index

50

Higher = safer
School Rating

6.5/10

GreatSchools avg
Avg Childcare

$1000/mo

City Pulse

Population Trend
+8% growing
Political Climate
Red
Business Momentum
Moderate with tourism, military, and healthcare industries
Top Local Concerns
hurricane preparedness, affordable housing, traffic congestion
🚌 Transit for Families

Limited public transit; car-dependent but sidewalks improving in newer areas

🎡 Top Kid Attractions
  • 🎯
    Shipwreck Island Waterpark
  • 🎯
    Science and Discovery Center
  • 🎯
    St. Andrews State Park

Best Neighborhoods for Families

St. Andrews offers historic charm and good schools. Lynn Haven has newer developments and family amenities.

Household Budget Calculator

Estimate your real monthly cost of living in Panama City based on your household profile.

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📊 Panama City — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

💰 Median Household Income
$45,222
👤 Median Age
39.2
🏠 Homeownership Rate
73.3%
🔑 Renter Rate
26.7%
📉 Poverty Rate
30.0%
💼 Unemployment Rate
4.2%
📡 Internet Access
84.0%
🎓 College Educated
24.1%
📍 Panama City City Stories
Jul 8, 2026

Panama City, Florida — City Overview

Living in Panama City, summers are hot, with Aug highs around 86.4°F, while winters stay mild, with Jan...

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Data sourced from BLS, HUD, Numbeo, SmartAsset, and local government sources. US Census Bureau ACS 2022, Wikipedia

Last verified: July 8, 2026 · For utility emergencies contact your provider directly.

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