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Tyndall AFB

Cost of Living

Compared to the rest of the country, Panama City's cost of living is 8.0% lower than the U.S. average.

The cost of living index is based on a US average of 100. An amount below 100 means Panama City is cheaper than the US average. Panama City cost of living is 95.4%. Housing is the biggest factor in the cost of living difference.

The unemployment rate in Panama City is 3.40% (U.S. avg. is 6.8%)

  • That Job Growth in Panama City has been Positive.
  • Jobs have Increased by 2.8% over the past year.
  • The average salary in Panama City is $47,478.
  • The median home cost in Panama City is $337,558