Cost of Living: Garland, TX vs Panama, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Garland | Panama |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $240,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1600 | $Data is updating |
| Average Rent (2 BR House) | $1640 | $Data is updating |
Housing Comparison: Garland vs Panama
- In Garland, the median home price is higher at $240,000, while in Panama it is $155,000.
- The rent for a two-bedroom apartment is equal in both Garland and Panama at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Garland | Panama |
|---|---|---|
| Electricity Price | $14.47 | $14.82 |
| Natural Gas Price | $26.29 | $15.61 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Garland vs Panama
- Panama has higher electricity costs at $14.82 per kWh, versus $14.47 in Garland.
- Natural gas is more expensive in Garland at $26.29 per unit, while it is cheaper at $15.61 in Panama.
- Utility expenses are equal in both Garland and Panama averaging $250.