Overall
97.3
-2.7 below avg
2024 BEA RPP All 4 categories Federal source
Panama City-Panama City Beach, FL
Cost-of-living indicators for Panama City-Panama City Beach, FL, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.
CBSA: 37460 · Data year: 2024 · Rank: #124 of 387
Panama City-Panama City Beach, FL has a cost of living index of 97.3, meaning it's 2.7% less expensive than the national average. Goods cost 3.8% less, services 11.9% less, and rents are 3.6% below average. A $100K national salary has the purchasing power of $102,779 here.
What the Numbers Mean for Panama City
Panama City ranks #124 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the upper half by cost. With an overall Regional Price Parity of 97.3, Panama City-Panama City Beach, FL is 2.7% less expensive than the national baseline of 100. The gap between Panama City's most and least expensive categories — the priciest line item versus services at 88.1 — is what drives the household budget experience on the ground, not the single headline number.
Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $102,779 inside Panama City, while a household needs roughly $97,296 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 96.4 — 3.6% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.
Looking at the 2008-2024 trajectory, Panama City's overall index has stayed within 0.6 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 96.2 and services at 88.1, meaning everyday spending in Panama City is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.
Panama City Cost Index at a Glance
Panama City all-items cost index
Regional Price Parity vs national average (100)
Panama City category breakdown
BEA RPP composition by goods, services, rents, overall
Price Index Summary
Goods
96.2
-3.8 below avg
Services
88.1
-11.9 below avg
Rents
96.4
-3.6 below avg
Price Index vs National Average (100)
Overall
National avg
Index 97.3 (-2.7 vs national avg)
Goods
National avg
Index 96.2 (-3.8 vs national avg)
Services
National avg
Index 88.1 (-11.9 vs national avg)
Rents
National avg
Index 96.4 (-3.6 vs national avg)
Vertical line on each bar = national average (100)
Cost Breakdown Analysis
Below National Average
Services -11.9% (88.1)
Goods -3.8% (96.2)
Rents -3.6% (96.4)
Overall -2.7% (97.3)
Income Adequacy in Panama City
Panama City income adequacy score
$75,000 median income vs RPP 97.3
Salary Equivalent
A $100,000 salary at the national average cost of living equals:
$97,296
in Panama City-Panama City Beach, FL purchasing power
$50,000 nationally
$48,648
$75,000 nationally
$72,972
$125,000 nationally
$121,620
$150,000 nationally
$145,944
$200,000 nationally
$194,592
Use the salary calculator for custom amounts.
RPP History (2008-2024)
The cost of living has remained relatively stable, changing by only 0.6 points over this period.
| Year | Overall |
|---|---|
| 2008 | 96.7 |
| 2009 | 94.4 |
| 2010 | 96.4 |
| 2011 | 97.7 |
| 2012 | 96.8 |
| 2013 | 94.3 |
| 2014 | 95.2 |
| 2015 | 94.8 |
| 2016 | 95.2 |
| 2017 | 94.1 |
| 2018 | 94.2 |
| 2019 | 94.6 |
| 2020 | 94.6 |
| 2021 | 96.8 |
| 2022 | 97.3 |
| 2023 | 97.8 |
| 2024 | 97.3 |
Metros with Similar Cost of Living
These metros have an overall RPP closest to Panama City-Panama City Beach, FL's index of 97.3.
Other FL Metros
Related Data for Panama City
Salary Data
BLS occupation wages for Panama City area
Fair Market Rents
HUD rent data for Panama City metro
Crime Rates
FBI UCR crime data near Panama City
School Districts
NCES school data for Panama City area
ZIP Code Data
Census demographics for Panama City area
Life Score
Quality-of-life composite rating
Relocation Guide
7-dimension relocation intelligence
Cost of Living Guides
Cheapest Metros to Live in 2026
Official BEA data on the most affordable areas
Most Expensive Cities: 2026 Rankings
What drives high costs and how to cope
Salary Negotiation Using RPP Data
Calculate real purchasing power for negotiations
Comparing Metro Areas
Step-by-step BEA RPP comparison walkthrough
Frequently Asked Questions
What is the cost of living in Panama City-Panama City Beach, FL? ▼
Panama City-Panama City Beach, FL has a Regional Price Parity (RPP) index of 97.3, meaning it is 2.7% less expensive than the national average. Goods are indexed at 96.2, services at 88.1, and rents at 96.4. It ranks #124 out of 387 U.S. metro areas by overall cost.
What salary do I need in Panama City-Panama City Beach, FL to match $100K nationally? ▼
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $97,296 in Panama City-Panama City Beach, FL. Conversely, $100K earned in Panama City-Panama City Beach, FL has the purchasing power of $102,779 at the national average.
How expensive is rent in Panama City-Panama City Beach, FL? ▼
Rents in Panama City-Panama City Beach, FL are indexed at 96.4, which is 3.6% below the national average. This is close to the U.S. average.
Is Panama City-Panama City Beach, FL getting more expensive? ▼
From 2008 to 2024, Panama City-Panama City Beach, FL's overall cost index changed by +0.6 points (from 96.7 to 97.3). The cost of living has remained relatively stable.
What metros have a similar cost of living to Panama City-Panama City Beach, FL? ▼
Metros with the most similar overall cost index include Madison, St. George, Charlotte-Concord-Gastonia. These areas have RPP values within a few points of Panama City-Panama City Beach, FL's 97.3.
Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.
Related
Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.
All federal data sources used on this page
- BEA Regional Price Parities (RPP) — cost-of-living indices by metro and state. bea.gov/data/regional-price-parities
- BLS Consumer Price Index (CPI) — inflation context by metro. bls.gov/cpi
- HUD Fair Market Rents (FMR) — housing-cost component. huduser.gov/datasets/fmr
- BLS Occupational Employment and Wage Statistics (OEWS) — wage component. bls.gov/oes
- U.S. Census Bureau ACS — household income + demographics. census.gov/programs-surveys/acs
- IRS Statistics of Income (SOI) — tax-burden context. irs.gov/statistics
