Median rent for residential apartments in as of Jun, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
62 Panama City, FL, USA apartments for rent
Panama City
Panama City, FL has a population of 36,654, including 69% white, 20% black, and 8% latino.
| Population | 36,654 |
| Median Age | 40.8 |
| Poverty Rate | 22% |
| Median Income (Household) | $38,397 |
| Number Of Employees | 15,318 |
| Median Property Value | $134,700 |
City Overview
The median household income in Panama City, FL is around $38,397, while the median age is 40.8. This city is a home to major universities: Baccalaureate/Associate's Colleges: Associate's Dominant, Baccalaureate/Associate's Colleges, and Gulf Coast State College. 15,318 employees work in Panama City, FL. The homeownership rate among the residents is 49.68%. The median property value that you should keep in mind is $134,700.
Business & Economy
Wage by Common Jobs
Average salary: $32,903
- 1. Elementary & middle school teachers$43,485
- 2. Retail salespersons$38,745
- 3. Secretaries & administrative assistants$36,400
- 4. Nursing, psychiatric, & home health aides$25,759
- 5. Cashiers$20,126
Employment by Occupations
Numbers claim that the employment rate in Panama City, FL changed by 2%, so let’s see what are the most common job groups in this area. People of Panama City, FL prefer to work in Sales, Administrative and Management.
Employment by Industries
Keeping in mind that the employment rate changed by 2% recently, there must be a strong understanding of industries people of Panama City, FL work in. The most common industries are Healthcare & Social Assistance, Retail trade and Accommodation & Food Service. Please note that not all the residents of Panama City, FL work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
Demographics
Race & Ethnicity
According to latest census, Panama City, FL is a home for 69% white residents. The second common group is black with 20% residents. The list of the most common racial or ethnic groups is closed by latino with 8% residents.
Non-English Speakers
Education
Past year Panama City, FL universities awarded around 3,645 degrees. Statistics show that the population of students in Panama City, FL include 438 male students and 777 female students. Panama City, FL offers private and public tuition with a median cost of $1,750 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Gulf Coast State College with the majority of graduates. The n/a and n/a hold the second and the third place respectively. The share of the public colleges in Panama City, FL is 33.3% and 66.7% go to the private colleges.
Universities
- 1. Gulf Coast State College1,215 graduates
Public vs Private
- Public66.7%
- Private33.3%
Health and Safety
The age groups that most likely have the health care coverage in Panama City, FL are 55-64 years old for men and 6-17 years old for women. Panama City, FL offers a 55 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 48 to 1, speaking of mental health doctors ratio, it’s 222 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 55 |
| Dentists | 1 to 48 |
| Mental Health | 1 to 222 |
| Other | 1 to 106 |
Transportation
Commute Time
Average travel time: 20.85 minutes
- USA
- Panama City, FL
Commuter Transportation
The workers of Panama City, FL traveled to their offices around 20.85 minutes lately and drove alone to get there. The rest of the residents carpooled and used public transit.
- USA
- Panama City, FL
Housing Trends
Panama City, FL, USA Housing Trends
Average rent in Panama City: $1,603 (+7.7%)
| Rent Price | Jun | vs Last Month |
|---|---|---|
| 1 bed apartments | $888 | -22.1% |
| 2 bed apartments | $1,159 | -0.9% |
| 3 bed apartments | $1,775 | +5% |
| 4+ bed apartments | $2,494 | +23.1% |
Over the Jun 2020, the average rent for an apartment in/near Panama City, FL increased by 7.7% to $1,603.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 22.1% to $888. Pricing for 2-bed apartment also decreased by 0.9% and a place of this size will now cost you $1,159. 3-bed apartment rent pricing starts at $1,775, it increased by 5% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 23.1% and made it up to $2,494.
| Rent Type Price | Jun | vs Last Month |
|---|---|---|
| House rentals | $1,974 | +8.5% |
| Apartment rentals | $1,086 | -5.6% |
| Townhouse rentals | $1,560 | +16.6% |
| Duplex rentals | $831 | -7.4% |
| Condo rentals | $1,958 | +30.4% |
| Loft rentals | $1,425 | N/A |
| Room rentals | $450 | N/A |
The median rent for an apartment in Panama City, FL decreased by 5.6% to $1,086. Statistics show that house rent price increased by 8.5% this month making it up to $1,974. Condos faced an upward trend these days. The median rent for a condo increased by 30.4%, it’s now available for $1,958. You can now rent a duplex for $831, duplex rent price decreased by 7.4% this month. The median rent for a loft did not face significant changes this time, it now still goes for $1,425. If you’re looking for a room, the price tag still starts at $450. The median price did not change this time. The median rent for a townhouse increased by 16.6%, you’ll have to spend around $1,560 to get one.
Rent vs Own
- Rent50%
- Own50%
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