Cost of Living in Panama, OK
Housing
The housing market plays a significant role in determining the cost of living in Panama, OK.
- Housing Index: Data is updating
- Median Home Price is: $120,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data for Panama, OK, it's important to note that the housing index indicates a potential market shift or lack of available data. With a median home price of 120000, the real estate market may offer opportunities for buyers at a more affordable entry point compared to national averages. However, the absence of data on average rents for both 2BR apartments and houses suggests a limited rental market or recent fluctuations. Before deciding, research local amenities, crime rates, and economic growth potential to ensure a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Panama, OK.
- Electricity Price: $12.37 USD (median by state)
- Natural Gas Price: $20.27 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Panama, OK could entail higher utility costs. Electricity costs sit at $12.37, while natural gas is priced at $20.27 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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 is a financially viable option for your relocation.