Cost of Living: Panama city beach, FL vs Merced, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panama city beach | Merced |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $449,000 | $358,000 |
| Average Rent (2 BR Apartment) | $1600 | $1800 |
| Average Rent (2 BR House) | $1624 | $1825 |
Housing Comparison: Panama city beach vs Merced
- In Panama city beach, the median home price is higher at $449,000, while in Merced it is $358,000.
- In Merced, the rental for a two-bedroom apartment stands at $1,800, while it is $1,600 in Panama city beach.
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 | Merced |
|---|---|---|
| Electricity Price | $13.89 | $32.99 |
| Natural Gas Price | $26.13 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Panama city beach vs Merced
- Merced has higher electricity costs at $32.99 per kWh, versus $13.89 in Panama city beach.
- Natural gas is more expensive in Panama city beach at $26.13 per unit, while it is cheaper at $16.99 in Merced.
- Utility expenses are equal in both Panama city beach and Merced averaging $250.