Montgomery, AL vs Panama City, FL: Cost of Living Comparison
Montgomery has the lower overall cost of living. (100 = US national average)
Category-by-Category Comparison
| Category | Montgomery | Panama City | Cheaper |
|---|---|---|---|
| Overall cost of living | 68 | 82 | Montgomery |
| Housing | 43 ($741) | 70 ($934) | Montgomery |
| Transportation | 105 ($3.50) | 101 ($3.50) | Panama City |
| Food & groceries | 75 ($308) | 82 ($336) | Montgomery |
| Utilities | 72 ($77) | 85 ($126) | Montgomery |
| Healthcare | 72 ($56) | 85 ($91) | Montgomery |
| Median annual wage | 94 ($45,670) | 99 ($47,880) | Montgomery |
Index 100 = US national average. Lower = cheaper. For wage, higher = better.
Frequently Asked Questions
Is Montgomery, AL or Panama City, FL cheaper to live in?
Montgomery, AL is cheaper overall by about 14 index points (Montgomery, AL: 68, Panama City, FL: 82; 100 = US national average).
What salary do I need in Montgomery, AL vs Panama City, FL?
A single adult needs roughly $23,800/year in Montgomery, AL and $28,700/year in Panama City, FL to cover basic living costs.