Cost of Living: Red lodge, MT vs Panama city beach, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red lodge | Panama city beach |
|---|---|---|
| Housing Index | 115.0 | 90.0 |
| Median Home Price | $311,000 | $449,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1236 | $1624 |
Housing Comparison: Red lodge vs Panama city beach
- The median home price in Panama city beach is higher at $449,000, compared to $311,000 in Red lodge.
- In Panama city beach, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Red lodge.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red lodge | Panama city beach |
|---|---|---|
| Electricity Price | $13.58 | $13.89 |
| Natural Gas Price | $8.31 | $26.13 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Red lodge vs Panama city beach
- Panama city beach has higher electricity costs at $13.89 per kWh, versus $13.58 in Red lodge.
- Natural gas is more expensive in Red lodge at $8.31 per unit, while it is cheaper at $26.13 in Panama city beach.
- Other utility costs are higher in Red lodge at an average of $280, compared to Panama city beach with $250.