Cost of Living: Panama city, FL vs Lake park, GA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panama city | Lake park |
|---|---|---|
| Housing Index | 101.5 | Data is updating |
| Median Home Price | $288,000 | $135,000 |
| Average Rent (2 BR Apartment) | $1500 | $Data is updating |
| Average Rent (2 BR House) | $1536 | $Data is updating |
Housing Comparison: Panama city vs Lake park
- In Panama city, the median home price is higher at $288,000, while in Lake park it is $135,000.
- The rent for a two-bedroom apartment is equal in both Panama city and Lake park at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Panama city | Lake park |
|---|---|---|
| Electricity Price | $13.89 | $15.53 |
| Natural Gas Price | $26.13 | $27.53 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Panama city vs Lake park
- Lake park has higher electricity costs at $15.53 per kWh, versus $13.89 in Panama city.
- Lake park experiences higher natural gas costs at $27.53 per unit, with costs at $26.13 in Panama city.
- Utility expenses are equal in both Panama city and Lake park averaging $250.