Cost of Living in Panama city beach, FL

Housing

The housing market plays a significant role in determining the cost of living in Panama city beach, FL.

• Housing Index: 90.0 / 100
• Median Home Price is: $449000
• Average Rent (2 BR Apartment): $1600 per month
• Average Rent (2 BR House): $1624 per month

Considering a move to Panama city beach, FL? The current housing index stands at 90.0, indicating a relatively stable market. With a median home price of 449000, buying a home requires a substantial investment. For those opting to rent, the average rent for a 2-bedroom apartment is 1600, while the average rent for a 2-bedroom house is slightly higher at 1624. Comparatively, this area can be perceived as more affordable than major metropolitan regions. It's essential to weigh these factors against your budget and lifestyle needs when making your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Panama city beach, FL.

• Electricity Price: 13.89 USD (median by state)
• Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Panama city beach, FL could entail higher utility costs. Electricity costs sit at 13.89, while natural gas is priced at 26.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 100.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $76091

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Panama city beach, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.