Most of Panama City is in Bay County, where a full-time job needs to pay at least $43.57 an hour before taxes to take home four times the typical studio rent.
Across the 11 ZIP codes in Panama City with HUD rent figures, studio rents run from $1,290 to $2,010 a month. At the middle rent, $1,410, a full-time job would need to pay $43.57 an hour before taxes.
What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.
| ZIP | County | Studio rent | Pay needed |
|---|---|---|---|
| 32401 | Bay County | $1,290/mo | $39.30/hr |
| 32402 | Bay County | $1,410/mo | $43.57/hr |
| 32403 | Bay County | $2,010/mo | $64.93/hr |
| 32404 | Bay County | $1,340/mo | $41.08/hr |
| 32405 | Bay County | $1,420/mo | $43.92/hr |
| 32406 | Bay County | $1,410/mo | $43.57/hr |
| 32408 | Bay County | $1,410/mo | $43.57/hr |
| 32409 | Bay County | $1,290/mo | $39.30/hr |
| 32411 | Bay County | $1,410/mo | $43.57/hr |
| 32412 | Bay County | $1,410/mo | $43.57/hr |
| 32417 | Bay County | $1,410/mo | $43.57/hr |
Under the Four Times Rent standard, a full-time job in Panama City needs to pay at least $43.57 an hour before taxes, about $90,624 a year. That is the figure for Bay County, where the typical studio rent is $1,410 a month.
Yes. Across the 11 ZIP codes in Panama City with HUD rent figures, studio rents run from $1,290 to $2,010 a month. At the middle rent of $1,410, the pay needed would be $43.57 an hour.
The minimum wage in Bay County is $15.00 an hour. The Four Times Rent standard there is 2.9 times that.
The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads