Cost of Living: Panama city beach, FL vs Lexington, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panama city beach | Lexington |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $449,000 | $198,000 |
| Average Rent (2 BR Apartment) | $1600 | $Data is updating |
| Average Rent (2 BR House) | $1624 | $Data is updating |
Housing Comparison: Panama city beach vs Lexington
- In Panama city beach, the median home price is higher at $449,000, while in Lexington it is $198,000.
- The rent for a two-bedroom apartment is equal in both Panama city beach and Lexington 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 | Panama city beach | Lexington |
|---|---|---|
| Electricity Price | $13.89 | $12.57 |
| Natural Gas Price | $26.13 | $12.35 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Panama city beach vs Lexington
- Electricity costs are higher in Panama city beach at $13.89 per kWh, compared to $12.57 in Lexington.
- Natural gas is more expensive in Panama city beach at $26.13 per unit, while it is cheaper at $12.35 in Lexington.
- Utility expenses are equal in both Panama city beach and Lexington averaging $250.