Panama City Beach, FL Cost Of Living

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Updated: 2020-03-08
102
Panama City Beach's Overall Cost Of Living
1.0x
Higher Than The National Average
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 102 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 1.0x higher than Florida's index of 99.

The standard of living in Panama City Beach ranks as #3423 most affordable out of the 6522 places we measured in Florida. By definition, that implies Panama City Beach ranks as the #2983 most expensive place in the Sunshine State.

Panama City Beach Cost Of Living Vs. Florida

Living Expense Panama City Beach Florida National Average
Overall 102 99 100
Services 98 99 100
Groceries 109 105 100
Health 100 100 100
Housing 114 96 100
Transportation 88 98 100
Utilities 91 102 100
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.

$229,400
Median Home Value
$1,198
Median Rent
$61,481
Median Income
Statistic Panama City Beach Florida United States
Median Home Value $229,400 $196,800 $204,900
Median Rent $1,198 $1,128 $1,023
Median Income $61,481 $53,267 $60,293
Home Value To Income 3.7x 3.7x 3.4x
Rent To Monthly Income 0.23x 0.25x 0.2x

Panama City Beach SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
5
Diversity
8
Safety
3
Amenities
8
Education
8.5
Commute
8

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