Overall
- Santa Fe
- 98.8
Diff -1.5 RPP
Santa Fe vs Panama City-Panama City Beach
Cost of living comparison based on BEA Regional Price Parities. Panama City-Panama City Beach is 1.5% less expensive than Santa Fe.
1.5% less expensive
Panama City-Panama City Beach, FL is 1.5% less expensive than Santa Fe, NM on BEA Regional Price Parities (overall RPP 97.3 vs 98.8). A $100,000 salary in Santa Fe buys about the same as $98,511 in Panama City-Panama City Beach; the largest component gap is rents.
- Overall RPP 98.8 (Santa Fe) vs 97.3 (Panama City-Panama City Beach)
- $100k in Santa Fe ≈ $98,511 purchasing power in Panama City-Panama City Beach
- Rents drives the gap (-11.6 RPP points)
RPP parity plate
Pair NM:FL 98.8→97.3
PHOTO-FINISH · CROSS-STATE · SPLIT-BUDGET · BOTH-BELOW · PP-PAR
- PHOTO-FINISH Photo finish
- CROSS-STATE NM × FL
- SPLIT-BUDGET Split budget
- BOTH-BELOW Both below 100
- PP-PAR PP near-par
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.
Santa Fe
98.8
Cost Index
Panama City-Panama City Beach
97.3
Cost Index
What This Comparison Actually Tells You
Santa Fe, NM and Panama City-Panama City Beach, FL are a photo finish on overall price level, only 1.5 RPP points apart. A salary conversion is therefore a fine adjustment, not evidence of a fundamentally different cost regime.
Rents creates the largest separation: Panama City-Panama City Beach is 11.6 points lower. But services and goods move against the overall direction, so this is a split budget rather than a clean across-the-board winner.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
Both metros remain below the U.S. benchmark of 100. This comparison chooses between two below-average price levels; “more expensive” here does not mean nationally expensive.
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 Santa Fe corresponds to $98,511 in Panama City-Panama City Beach.
Category Breakdown
Goods
- Santa Fe
- 96.1
Diff +0.1 RPP
Services
- Santa Fe
- 76.7
Diff +11.4 RPP
Rents
- Santa Fe
- 108.0
Diff -11.6 RPP
| Category | Santa Fe | Panama City-Panama City Beach | Difference |
|---|---|---|---|
| Overall | 98.8 | 97.3 | -1.5 |
| Goods | 96.1 | 96.2 | +0.1 |
| Services | 76.7 | 88.1 | +11.4 |
| Rents | 108.0 | 96.4 | -11.6 |
Visual Comparison
Overall
Santa Fe 98.8
Panama City-Panama City Beach 97.3
Goods
Santa Fe 96.1
Panama City-Panama City Beach 96.2
Services
Santa Fe 76.7
Panama City-Panama City Beach 88.1
Rents
Santa Fe 108.0
Panama City-Panama City Beach 96.4
Vertical line = national average (100)
How the Price Gap Changed
Santa Fe and Panama City-Panama City Beach share 17 published annual releases from 2008 through 2024. Their overall gap held broadly steady, moving from 1.3 to 1.5 RPP points. Santa Fe remained the higher-index metro in the latest release.
Goods changed the most within this pair: its gap moved 1.5 points between the first and latest shared releases (1.6 to 0.1 points). This describes a relative price-index history, not a forecast or a household budget.
| Release Year | Santa Fe RPP | Panama City-Panama City Beach RPP | Relative Gap |
|---|---|---|---|
| 2008 | 98.0 | 96.7 | 1.3 points Santa Fe higher |
| 2012 | 102.1 | 96.8 | 5.3 points Santa Fe higher |
| 2016 | 98.4 | 95.2 | 3.2 points Santa Fe higher |
| 2020 | 96.6 | 94.6 | 2.1 points Santa Fe higher |
| 2024 | 98.8 | 97.3 | 1.5 points Santa Fe 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.
Salary Equivalents
What a salary in Santa Fe would need to be in Panama City-Panama City Beach for the same purchasing power:
| In Santa Fe | In Panama City-Panama City Beach | Difference |
|---|---|---|
| $50,000 | $49,255 | $-745 |
| $75,000 | $73,883 | $-1,117 |
| $100,000 | $98,511 | $-1,489 |
| $150,000 | $147,766 | $-2,234 |
$ in Santa Fe = in Panama City-Panama City Beach
Same BEA Regional Price Parity ratio as the table above (98.8 → 97.3), computed live from your number, nothing is sent anywhere.
Frequently Asked Questions
Is Panama City-Panama City Beach more expensive than Santa Fe?
Panama City-Panama City Beach is 1.5% less expensive than Santa Fe. The overall cost index is 97.3 vs 98.8 (national average = 100).
What salary in Panama City-Panama City Beach equals $100K in Santa Fe?
A $100,000 salary in Santa Fe has the same purchasing power as $98,511 in Panama City-Panama City Beach. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Santa Fe and Panama City-Panama City Beach?
Rents in Santa Fe are indexed at 108.0 while Panama City-Panama City Beach is at 96.4 (national average = 100). Santa Fe 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.