Cost of Living in Panama City, FL
2024 data from the Bureau of Economic Analysis
Cost Index
97.3
2.7% below avg
Housing Index
96.4
Median Income
$65,999
Median Rent
$1,311/mo
Cost Breakdown
Overall97.3 (-2.7%)
Housing96.4 (-3.6%)
Goods96.2 (-3.8%)
Utilities88.1 (-11.9%)
Other Services98.9 (-1.1%)
National average = 100
Income & Housing
Median Household Income
$65,999/year
Median Home Value
$246,800
Median Monthly Rent
$1,311/mo
Per Capita Income
$36,868/year
Compare Panama City, FL With
Panama City, FL vs Madison, WIPanama City, FL vs St. George, UTPanama City, FL vs Charlotte, NCPanama City, FL vs Lakeland, FLPanama City, FL vs Dover, DEPanama City, FL vs Reading, PAPanama City, FL vs Longview, WAPanama City, FL vs Rochester, NYPanama City, FL vs Crestview, FLPanama City, FL vs Durham, NC
Frequently Asked Questions
Is Panama City, FL expensive to live in?
Panama City, FL has a cost of living index of 97.3, which is 2.7% below the national average.
How much does housing cost in Panama City, FL?
Housing costs in Panama City, FL are indexed at 96.4 compared to the national average of 100. The median monthly rent is $1,311.
What is the average income in Panama City, FL?
The median household income in Panama City, FL is $65,999 per year.
What is the average home price in Panama City, FL?
The median home value in Panama City, FL is $246,800.