Montgomery, AL vs Panama City, FL
Cost of Living Comparison
Montgomery, AL is more affordable by 7.6 index points
Side-by-Side Comparison
| Category | Montgomery, AL | Panama City, FL | Difference |
|---|---|---|---|
| Overall | 89.7 | 97.3 | -7.6 |
| Housing | 64.3 | 96.4 | -32.1 |
| Goods | 96.4 | 96.2 | +0.2 |
| Utilities | 84.9 | 88.1 | -3.2 |
| Other Services | 96.7 | 98.9 | -2.2 |
Income & Housing Comparison
| Metric | Montgomery, AL | Panama City, FL |
|---|---|---|
| Median Household Income | $60,849 | $65,999 |
| Median Home Value | $170,300 | $246,800 |
| Median Monthly Rent | $1,032 | $1,311 |
| Per Capita Income | $33,229 | $36,868 |
Frequently Asked Questions
Is Montgomery, AL or Panama City, FL cheaper to live in?
Montgomery, AL is more affordable. The cost of living difference is 7.6 index points (Montgomery, AL: 89.7, Panama City, FL: 97.3).
Where is housing cheaper, Montgomery, AL or Panama City, FL?
Housing is more affordable in Montgomery, AL. Housing index: Montgomery, AL (64.3) vs Panama City, FL (96.4).