ZIP Code 32407

ZIP code 32407, in Panama City, sits squarely in middle-income territory, with a median household income of $80,831 and per-capita income of $47,494. Housing runs higher than the income alone might imply: the median home value reaches $404,200. Property taxes stay low, though, at an effective county rate of 0.58%, so owning a home here costs less in annual taxes than in many places with similar values. Sales tax comes to 7.00% on purchases. Together these figures describe an area where earnings are solidly middle-class, home prices are elevated, and the ongoing tax load leans on consumption rather than property.