Panama City Beach, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
104
Panama City Beach's Overall Cost Of Living
1.0x
Higher Than The National Average
306 out of 459
In Florida
3,585 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Panama City Beach is expensive, while a number below 100 means it's a relatively cheap place to live.

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 104 which is 1.0x higher than the national index of 100.

Compared to only Florida, Panama City Beach has a cost of living index that's 1.1x higher than Florida's index of 98.

The standard of living in Panama City Beach ranks as #3,586 most affordable out of the 6,418 places we measured in Florida. By definition, that implies Panama City Beach ranks as the #2,833 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

Living Expense Panama City Beach Florida National Average
Overall 104 98 100
Services 101 99 100
Groceries 103 107 100
Health 99 98 100
Housing 113 96 100
Transportation 99 102 100
Utilities 90 106 100
For more reading on cost of living around Florida, check out:
Panama City Beach Cost of Living Vs. FL

Panama City Beach, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$266,900
Median Home Value
$1,358
Median Rent
$65,253
Median Income
Statistic Panama City Beach Florida United States
Median Home Value $266,900 $232,000 $229,800
Median Rent $1,358 $1,218 $1,096
Median Income $65,253 $57,703 $64,994
Home Value To Income 4.1x 4.0x 3.5x
Rent To Monthly Income 0.25x 0.25x 0.2x

Detailed Panama City Beach Services Costs Vs. Florida

Item Panama City Beach Florida
Shampoo $0.89 $1.06
Movie $12.51 $10.68
Bowling $14.01 $14.67

Detailed Panama City Beach Groceries Costs Vs. Florida

Item Panama City Beach Florida
Ground Beef $4.86 $4.22
Fried Chicken $1.38 $1.39
Milk $2.41 $2.05

Detailed Panama City Beach Health Costs Vs. Florida

Item Panama City Beach Florida
Haircut $14.35 $18.62
Beauty Salon $38.32 $39.05
Toothpaste $2.25 $2.34

Detailed Panama City Beach Transportation Costs Vs. Florida

Item Panama City Beach Florida
Potatoes $3.67 $3.29
Pizza $10.33 $10.62
Beer $9.29 $9.38
Optometrist $80.2 $108.57
Doctor $110.71 $116.17
Dentist $94.58 $99.13

Detailed Panama City Beach Utilities Costs Vs. Florida

Item Panama City Beach Florida
Gasoline $2.28 $2.22
Tire Balancing $42.79 $50.07
All Electricity $142.93 $167.67
Phone $181.79 $175.64

Panama City Beach SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
4
Diversity
8
Safety
2
Amenities
8
Education
8
Commute
8.5

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