Overall
Diff -16.9 RPP
Miami-Fort Lauderdale-West Palm Beach vs Panama City-Panama City Beach
Cost of living comparison based on BEA Regional Price Parities. Panama City-Panama City Beach is 14.8% less expensive than Miami-Fort Lauderdale-West Palm Beach.
14.8% less expensive
Panama City-Panama City Beach, FL is 14.8% less expensive than Miami-Fort Lauderdale-West Palm Beach, FL on BEA Regional Price Parities (overall RPP 97.3 vs 114.2). A $100,000 salary in Miami-Fort Lauderdale-West Palm Beach buys about the same as $85,231 in Panama City-Panama City Beach; the largest component gap is rents.
- Overall RPP 114.2 (Miami-Fort Lauderdale-West Palm Beach) vs 97.3 (Panama City-Panama City Beach)
- $100k in Miami-Fort Lauderdale-West Palm Beach ≈ $85,231 purchasing power in Panama City-Panama City Beach
- Rents drives the gap (-59.1 RPP points)
RPP parity plate
Pair FL:FL 114.2→97.3
TIER-GAP · SAME-STATE · RENT-LED · BENCH-CROSS · PP-SHIFT
- TIER-GAP Clear tier gap
- SAME-STATE Same state · FL
- RENT-LED Rent-led gap
- BENCH-CROSS Benchmark cross
- PP-SHIFT PP shift
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Salary Equivalents
What a salary in Miami-Fort Lauderdale-West Palm Beach would need to be in Panama City-Panama City Beach for the same purchasing power:
| In Miami-Fort Lauderdale-West Palm Beach | In Panama City-Panama City Beach | Difference |
|---|---|---|
| $50,000 | $42,616 | $-7,384 |
| $75,000 | $63,924 | $-11,076 |
| $100,000 | $85,231 | $-14,769 |
| $150,000 | $127,847 | $-22,153 |
$ in Miami-Fort Lauderdale-West Palm Beach = in Panama City-Panama City Beach
Same BEA Regional Price Parity ratio as the table above (114.2 → 97.3), computed live from your number, nothing is sent anywhere.
What This Comparison Actually Tells You
Miami-Fort Lauderdale-West Palm Beach, FL and Panama City-Panama City Beach, FL sit in clearly different price tiers, separated by 16.9 RPP points. At this distance, treating the same nominal salary as equivalent would materially change purchasing power.
This route crosses the national benchmark: Miami-Fort Lauderdale-West Palm Beach is above 100 while Panama City-Panama City Beach is below it. That makes the move a change of price regime, not merely a rank swap.
Rents leads the difference, with Panama City-Panama City Beach 59.1 points lower than Miami-Fort Lauderdale-West Palm Beach. Goods, services, and rents all point in the same broad direction, making the headline comparison more transferable across household types.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
For a housing-sensitive move, validate the rent gap first: HUD Fair Market Rent and the actual unit size can overturn what the blended index implies. On the BEA ratio alone, $100,000 in Miami-Fort Lauderdale-West Palm Beach corresponds to $85,231 in Panama City-Panama City Beach.
Category Breakdown
Goods
Diff -7.3 RPP
Services
Diff -9.1 RPP
Rents
Diff -59.1 RPP
| Category | Miami-Fort Lauderdale-West Palm Beach | Panama City-Panama City Beach | Difference |
|---|---|---|---|
| Overall | 114.2 | 97.3 | -16.9 |
| Goods | 103.6 | 96.2 | -7.3 |
| Services | 97.2 | 88.1 | -9.1 |
| Rents | 155.6 | 96.4 | -59.1 |
Visual Comparison
Overall
Miami-Fort Lauderdale-West Palm Beach 114.2
Panama City-Panama City Beach 97.3
Goods
Miami-Fort Lauderdale-West Palm Beach 103.6
Panama City-Panama City Beach 96.2
Services
Miami-Fort Lauderdale-West Palm Beach 97.2
Panama City-Panama City Beach 88.1
Rents
Miami-Fort Lauderdale-West Palm Beach 155.6
Panama City-Panama City Beach 96.4
Vertical line = national average (100)
Miami-Fort Lauderdale-West Palm Beach
114.2
Cost Index
Panama City-Panama City Beach
97.3
Cost Index
How the Price Gap Changed
Miami-Fort Lauderdale-West Palm Beach and Panama City-Panama City Beach share 17 published annual releases from 2008 through 2024. Their overall gap widened, moving from 9.8 to 16.9 RPP points. Miami-Fort Lauderdale-West Palm Beach remained the higher-index metro in the latest release.
Goods changed the most within this pair: its gap moved 4.6 points between the first and latest shared releases (2.8 to 7.3 points). This describes a relative price-index history, not a forecast or a household budget.
| Release Year | Miami-Fort Lauderdale-West Palm Beach RPP | Panama City-Panama City Beach RPP | Relative Gap |
|---|---|---|---|
| 2008 | 106.5 | 96.7 | 9.8 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2012 | 107.5 | 96.8 | 10.6 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2016 | 107.9 | 95.2 | 12.7 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2020 | 109.5 | 94.6 | 15.0 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2024 | 114.2 | 97.3 | 16.9 points Miami-Fort Lauderdale-West Palm Beach higher |
Annual BEA Regional Price Parity releases; a higher index means a higher price level relative to the national average of 100. Selected years shown from the full shared series.
Frequently Asked Questions
Is Panama City-Panama City Beach more expensive than Miami-Fort Lauderdale-West Palm Beach?
Panama City-Panama City Beach is 14.8% less expensive than Miami-Fort Lauderdale-West Palm Beach. The overall cost index is 97.3 vs 114.2 (national average = 100).
What salary in Panama City-Panama City Beach equals $100K in Miami-Fort Lauderdale-West Palm Beach?
A $100,000 salary in Miami-Fort Lauderdale-West Palm Beach has the same purchasing power as $85,231 in Panama City-Panama City Beach. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Miami-Fort Lauderdale-West Palm Beach and Panama City-Panama City Beach?
Rents in Miami-Fort Lauderdale-West Palm Beach are indexed at 155.6 while Panama City-Panama City Beach is at 96.4 (national average = 100). Miami-Fort Lauderdale-West Palm Beach has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.