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: $449,000
- 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 Panama city beach is a financially viable option for your relocation.