What is the cost of living in Panama City Beach, FL?
According to the most recent data on the cost of living, Panama City Beach has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Florida, Panama City Beach has a cost of living index that's 1.1x higher than Florida's index of 104.
The standard of living in Panama City Beach ranks as #277 most affordable out of the 462 places we measured in Florida. By definition, that implies Panama City Beach ranks as the #185 most expensive place in the Sunshine State.
For more reading on life in Panama City Beach, check out:
Panama City Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Panama City Beach. Here is how it fares on each of the criteria:
The Services index in Panama City Beach is 99.
The Groceries index in Panama City Beach is 105.
The Health index in Panama City Beach is 146.
The Housing index in Panama City Beach is 102.
The Transportation index in Panama City Beach is 105.
The Utilities index in Panama City Beach is 105.
| Living Expense | Panama City Beach | Florida | National Average |
|---|---|---|---|
| Overall | 114 | 104 | 100 |
| Services | 99 | 101 | 100 |
| Groceries | 105 | 105 | 100 |
| Health | 146 | 99 | 100 |
| Housing | 102 | 104 | 100 |
| Transportation | 105 | 109 | 100 |
| Utilities | 105 | 105 | 100 |
Panama City Beach Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Panama City Beach Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Panama City Beach, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Panama City Beach is $412,495.
The Median Rent in Panama City Beach is $1,791.
The Median Income in Panama City Beach is $80,941.
The Home Value To Income in Panama City Beach is 5.1x.
The Rent To Monthly Income in Panama City Beach is 0.27x.
| Statistic | Panama City Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $412,495 | $375,661 | $332,700 |
| Median Rent | $1,791 | $1,669 | $1,413 |
| Median Income | $80,941 | $74,568 | $80,734 |
| Home Value To Income | 5.1x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.27x | 0.27x | 0.21x |
Panama City Beach, FL Costs By Category
Detailed Panama City Beach Services costs vs. Florida
| Item | Panama City Beach | Florida |
|---|---|---|
| Shampoo | $1.17 | $1.28 |
| Movie | $12.99 | $12.13 |
| Bowling | $20.0 | $18 |
| Haircut | $21.34 | $24.26 |
| Beauty Salon | $52.41 | $45.56 |
Detailed Panama City Beach Groceries costs vs. Florida
| Item | Panama City Beach | Florida |
|---|---|---|
| Ground Beef | $6.17 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.5 | $4.67 |
| Potatoes | $5.2 | $4.93 |
| Pizza | $12.56 | $12.09 |
| Beer | $10.49 | $10.41 |
| Toothpaste | $3.71 | $3.7 |
Detailed Panama City Beach Health costs vs. Florida
| Item | Panama City Beach | Florida |
|---|---|---|
| Optometrist | $107.95 | $125.68 |
| Doctor | $106.49 | $135.78 |
| Dentist | $113.85 | $113.29 |
Detailed Panama City Beach Transportation costs vs. Florida
| Item | Panama City Beach | Florida |
|---|---|---|
| Gasoline | $3.2 | $3.46 |
| Tire Balancing | $47.55 | $59.92 |
Detailed Panama City Beach Utilities costs vs. Florida
| Item | Panama City Beach | Florida |
|---|---|---|
| All Electricity | $142.23 | $193.99 |
| Phone | $188.01 | $192.25 |
