Apartments for rent in Panama City Beach, FL

A small city in Florida, Panama City Beach has a population of just over 12,000. Retirees are a common sight, as they make up 20% of the population compared to 14% nationally, while young adults account for a smaller percentage of the city. Renters tend to be in the minority in the area, and 60% of residents own their homes. At $1,207 per month, the average rent is roughly equal to the state average.

Panama City Beach residents have an average commute of about 23 minutes, quicker than the Florida average of about 29 minutes. Many residents (45%) commute to work by car or truck, while public transportation isn't used much. A small percentage of residents walk to work.

Compared to the national average (19%), Panama City Beach has a relatively large concentration of residents over the age of 25 who have completed some level of post-secondary education, as 25% have earned a Bachelor's or Associate's degree. In addition, 5% have a Master's or Doctoral degree. Many Panama City Beach residents work in one of three industries: retail, entertainment, and healthcare. Together, these industries account for 25% of the workforce in the city. Meanwhile, looking at job function, many residents work in sales, as 11% of the city's population reports this as their field of work, the highest number of any field. With an average annual income of around $74,000, Panama City Beach workers bring in more than their peers elsewhere in Florida. Panama City Beach's average income, however, is nearly on par with the national average ($73,345).