Cost of Living: Siloam springs, AR vs Panama city beach, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Siloam springs | Panama city beach |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $245,000 | $449,000 |
| Average Rent (2 BR Apartment) | $800 | $1600 |
| Average Rent (2 BR House) | $850 | $1624 |
Housing Comparison: Siloam springs vs Panama city beach
- The median home price in Panama city beach is higher at $449,000, compared to $245,000 in Siloam springs.
- Renting a two-bedroom apartment costs more in Siloam springs at $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 | Siloam springs | Panama city beach |
|---|---|---|
| Electricity Price | $12.36 | $13.89 |
| Natural Gas Price | $17.08 | $26.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Siloam springs vs Panama city beach
- Panama city beach has higher electricity costs at $13.89 per kWh, versus $12.36 in Siloam springs.
- Panama city beach experiences higher natural gas costs at $26.13 per unit, with costs at $17.08 in Siloam springs.
- Panama city beach has higher utility expenses, averaging $250, while Siloam springs averages $200.