Cost of Living: Hoffman estates, IL vs Panama city beach, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hoffman estates | Panama city beach |
|---|---|---|
| Housing Index | 110.5 | 90.0 |
| Median Home Price | $390,000 | $449,000 |
| Average Rent (2 BR Apartment) | $1800 | $1600 |
| Average Rent (2 BR House) | $1900 | $1624 |
Housing Comparison: Hoffman estates vs Panama city beach
- The median home price in Panama city beach is higher at $449,000, compared to $390,000 in Hoffman estates.
- Renting a two-bedroom apartment costs more in Hoffman estates at $1,800 than in Panama city beach 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 | Hoffman estates | Panama city beach |
|---|---|---|
| Electricity Price | $16.15 | $13.89 |
| Natural Gas Price | $16.59 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hoffman estates vs Panama city beach
- Electricity costs are higher in Hoffman estates at $16.15 per kWh, compared to $13.89 in Panama city beach.
- Panama city beach experiences higher natural gas costs at $26.13 per unit, with costs at $16.59 in Hoffman estates.
- Utility expenses are equal in both Hoffman estates and Panama city beach averaging $250.