Cost of Living: Vernon, TX vs Panama, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Vernon | Panama |
|---|---|---|
| Housing Index | 95.4 | Data is updating |
| Median Home Price | $Data is updating | $120,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1365 | $Data is updating |
Housing Comparison: Vernon vs Panama
- The median home price in Panama is higher at $120,000, compared to $0 in Vernon.
- The rent for a two-bedroom apartment is equal in both Vernon and Panama at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Vernon | Panama |
|---|---|---|
| Electricity Price | $14.47 | $12.37 |
| Natural Gas Price | $26.29 | $20.27 |
| Other Utilities | $210 | $Data is updating |
Utilities Comparison: Vernon vs Panama
- Electricity costs are higher in Vernon at $14.47 per kWh, compared to $12.37 in Panama.
- Natural gas is more expensive in Vernon at $26.29 per unit, while it is cheaper at $20.27 in Panama.
- Utility expenses are equal in both Vernon and Panama averaging $210.