Panama City, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
93
Panama City's Overall Cost Of Living
0.9x
Lower Than The National Average
128 out of 459
In Florida
2,137 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 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, FL?

According to the most recent data on the cost of living, Panama City has an overall cost of living index of 93 which is 0.9x lower than the national index of 100.

Compared to only Florida, Panama City has a cost of living index that's 0.9x lower than Florida's index of 98.

The standard of living in Panama City ranks as #2,137 most affordable out of the 6,418 places we measured in Florida. By definition, that implies Panama City ranks as the #4,282 most expensive place in the Sunshine State.

For more reading on life in Panama City, check out:

Panama City Cost Of Living Vs. Florida

Living Expense Panama City Florida National Average
Overall 93 98 100
Services 101 99 100
Groceries 102 107 100
Health 98 98 100
Housing 76 96 100
Transportation 96 102 100
Utilities 89 106 100
For more reading on cost of living around Florida, check out:
Panama City Cost of Living Vs. FL

Panama City, 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.

$169,100
Median Home Value
$964
Median Rent
$48,185
Median Income
Statistic Panama City Florida United States
Median Home Value $169,100 $232,000 $229,800
Median Rent $964 $1,218 $1,096
Median Income $48,185 $57,703 $64,994
Home Value To Income 3.5x 4.0x 3.5x
Rent To Monthly Income 0.24x 0.25x 0.2x

Detailed Panama City Services Costs Vs. Florida

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

Detailed Panama City Groceries Costs Vs. Florida

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

Detailed Panama City Health Costs Vs. Florida

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

Detailed Panama City Transportation Costs Vs. Florida

Item Panama City 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 Utilities Costs Vs. Florida

Item Panama City 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 SnackAbility

4
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
5
Diversity
8.5
Safety
3
Amenities
8.5
Education
8
Commute
8.5

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