Panama City Beach, FL Cost Of Living
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.
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 | |
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.
| 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
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