Cost of living index
Panama City, FL
97.3 / 100
Living in Panama City, FL is 2.7% cheaper than the US average.
Overall prices
97.3
Housing / rent
96.4
vs US average
−2.7%
What it costs to live in Panama City, FL
Panama City, FL has an overall price level of 97.3 compared with the national average of 100, meaning everyday costs run about 2.7% lower than a typical US metro. Housing tells the sharper story: at 96.4 it is 3.6% below the national average. Because rent and mortgage payments are the biggest line in most household budgets, that housing figure is usually what you’ll feel most when you move here.
Common questions
Is Panama City, FL an expensive place to live?
Panama City, FL has an overall cost-of-living index of 97.3, where 100 is the US average. That makes it about 2.7% cheaper than the country as a whole.
Is housing expensive in Panama City, FL?
Housing in Panama City, FL scores 96.4 against a US average of 100 — roughly 3.6% below average. Housing is usually the largest single cost, so it drives most of the overall difference.
How does Panama City, FL compare to the US average cost of living?
Overall prices in Panama City, FL sit at 97.3 versus 100 for the US average, with housing at 96.4. Figures come from the US Bureau of Economic Analysis for 2024.