Florida is an idyllic resort
style community located along the Gulf Coast region. The city is an immensely
popular vacation destination in its own right, but residents here simply could not
imagine living anywhere else. Panama City offers the highest possible quality of
life, with a magnificent climate, spectacular natural beauty, and an array of
entertainment and recreational options.
With so much to offer, Panama City is a popular relocation destination for both
full-time and part-time residents, who may live in other parts of the country for a
portion of the year. There are currently around 37,085 residents living in Panama
City, with a median age of just twenty nine years old. Of the city's working age
population, two major industries vie for the top spot.
Approximately thirty two percent of locals here work in a professional or managerial
capacity. Nearly the same amount, thirty one percent, are employed in the service
industry. Around fourteen percent of residents are employed in an administrative
capacity. The average household income in Panama City is around $31,572 per year.
Surprisingly, Panama City maintains a fairly affordable cost of living. And this
extends to its housing market as well. Potential home buyers will find a wonderful
variety of homes here, ranging from waterfront properties to homes right in the
middle of town. Around forty five percent of homes in Panama City are single-family
detached style, with an array of architectural styles fronted with lush tropical
The majority of homes here are a mix of multi-family housing, including chic
condominiums, tony town homes and duplexes. Home ownership has proven to be a great
investment in Panama City, with owners experiencing a steady appreciation of their
homes' values over the years. There is something for everyone in this market,
ranging from affordable starter homes to multi-million dollar executive estates.
Recent real estate reports indicate that the average purchase price of a home in
Panama City is currently around $124,895.
In their free time, locals have no shortage of options to keep them busy. Panama
City's fantastic year round climate makes outdoor activities possible all year
long. Some of the most popular pastimes here involve taking advantage of Panama
City's twenty seven miles of coastline, fronting the warm waters of the Gulf of
Mexico and St. Andrews Bay. For those who enjoy water sports, this means a steady
diet of boating, scuba diving, snorkeling, fishing, jet skiing and waterskiing. For
those who prefer to spend their time on land, Panama City offers a variety of
vantage points on its sugary white sand beaches to scan the horizon for dolphins and
other marine life.
Of course, golf courses are abundant in the area and Panama City tends to attract
residents who are looking to play as many rounds as possible. Tennis is equally
popular here, and players will find a variety of courts and leagues to consider.
There are plenty of open spaces dotted throughout the community as well, with
dozens of public parks offering amenities ranging from playgrounds to sports
fields. Many of these parks are located within walking or biking distance from
Panama City is a well rounded town, providing a strong support for the arts and
cultural activities, a dazzling array of of fantastic restaurants, bistros and
cafes, and some of the best shopping in the region. No matter how you prefer to
spend your leisure time, you are certain to find something to amuse and amaze you
in Panama City.
This wonderful community proves to be an equally ideal location for singles,
seniors and families alike. Whether you are thinking about a permanent move,
or a second-home community, consider all that Panama City,
Florida has to offer!
To learn more, simply request our free relocation packet today.