Panama City, 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 landscaping.

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 residential neighborhoods.

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.