Tyndall AFB

Cost of Living

Compared to the rest of the country, Panama City's cost of living is 8.25% 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 93%. Housing is the biggest factor in the cost of living difference.

The unemployment rate in Panama City is 5.3% (U.S. avg. is 6.0%)

- That Job Growth in Panama City has been Positive.
- Jobs have Increased by 2.0% over the past year.
- The average salary in Panama City is $51,569.
- The median home cost in Panama City is $252,800