How many renters in Panama City Beach, FL pay more than 30% of their income on rent?

59.6% (±9.2 points) of renting households in Panama City Beach, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

46.8% spend 35% or more.

The median renting household spends 33.7% of its income on rent.

Figures last updated on .

Paying 30% or more
59.6% (±9.2 points)
Paying 35% or more
46.8% (±7.7 points)
Median share of income
33.7% (±2.9 points)

Rent as a share of income in Panama City Beach

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rentPanama City BeachBay CountyFloridaUnited States
Less than 15%4.3% (±2.2 points)6.4%8.1%12.6%
15% to 19.9%11.9% (±4.6 points)10.2%9.3%12.2%
20% to 24.9%14.2% (±5.4 points)14.0%11.3%12.6%
25% to 29.9%10.1% (±4.8 points)9.3%11.3%11.5%
30% to 34.9%12.8% (±5.1 points)14.4%9.8%9.2%
35% or more46.8% (±7.7 points)45.7%50.2%41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Panama City Beach against Bay County, its state and the nation

Estimate (90% margin of error)
Panama City BeachBay CountyFloridaUnited States
Paying 30% or more59.6% (±9.2 points)60.1% (±3.6 points)60.0% (±0.4 points)51.1%
Paying 35% or more46.8% (±7.7 points)45.7% (±2.8 points)50.2% (±0.4 points)41.9%
Median share of income33.7% (±2.9 points)33.5% (±0.9 points)35.2% (±0.3 points)30.6%
Median renter household income$69,426 (±$10,398)$53,005 (±$2,559)$53,617 (±$353)$52,966
Median gross rent$1,791 (±$61)$1,484 (±$39)$1,669 (±$5)$1,413

In Panama City Beach, the share of renters paying 30% or more of income is not measurably different from Bay County (60.1%).

It is not measurably different from Florida (60.0%).

It is not measurably different from the national figure (51.1%).

In Bay County, Panama City Beach ranks 6 of 12 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 400 of 843.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Panama City Beach

Nearest places with a published estimate, compared with Panama City Beach
PlaceDistanceRenters paying 30% or more of incomeCompared with this place
Panama City Beach—59.6% (±9.2 points)—
Laguna Beach4.7 mi50.0% (±19.6 points)Not measurably different
Upper Grand Lagoon8.4 mi56.7% (±12.5 points)Not measurably different
Lower Grand Lagoon9.7 mi50.9% (±13.2 points)Not measurably different
Pretty Bayou11 mi76.9% (±48.2 points)Not measurably different
Panama City13 mi64.2% (±7.0 points)Not measurably different
Ebro14 mi42.9% (±83.0 points)Not measurably different
Lynn Haven14 mi64.7% (±14.6 points)Not measurably different
Cedar Grove15 mi39.9% (±23.0 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Bay County, place by place

RankPlaceRenters paying 30% or more of income
1Pretty Bayou76.9% (±48.2 points)
2Lynn Haven64.7% (±14.6 points)
3Panama City64.2% (±7.0 points)
4Mexico Beach61.7% (±38.5 points)
5Callaway59.9% (±11.7 points)
6Panama City Beach59.6% (±9.2 points)
7Springfield59.4% (±15.3 points)
8Parker57.4% (±19.8 points)
9Upper Grand Lagoon56.7% (±12.5 points)
10Lower Grand Lagoon50.9% (±13.2 points)
11Laguna Beach50.0% (±19.6 points)
12Cedar Grove39.9% (±23.0 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Panama City Beach

Are renters in Panama City Beach rent-burdened?

59.6% of renting households in Panama City Beach pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Panama City Beach spend on rent?

The median renting household in Panama City Beach, FL spends 33.7% (±2.9 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Panama City Beach city, Florida (place:54725, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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