Panama City, FL vs Pensacola, FL: Cost of Living Comparison
Panama City has the lower overall cost of living. (100 = US national average)
Category-by-Category Comparison
| Category | Panama City | Pensacola | Cheaper |
|---|---|---|---|
| Overall cost of living | 82 | 90 | Panama City |
| Housing | 70 ($934) | 79 ($846) | Panama City |
| Transportation | 101 ($3.50) | 103 ($3.50) | Panama City |
| Food & groceries | 82 ($336) | 97 ($398) | Panama City |
| Utilities | 85 ($126) | 90 ($142) | Panama City |
| Healthcare | 85 ($91) | 90 ($103) | Panama City |
| Median annual wage | 99 ($47,880) | 99 ($47,880) | Tie |
Index 100 = US national average. Lower = cheaper. For wage, higher = better.
Frequently Asked Questions
Is Panama City, FL or Pensacola, FL cheaper to live in?
Panama City, FL is cheaper overall by about 8 index points (Panama City, FL: 82, Pensacola, FL: 90; 100 = US national average).
What salary do I need in Panama City, FL vs Pensacola, FL?
A single adult needs roughly $28,700/year in Panama City, FL and $31,500/year in Pensacola, FL to cover basic living costs.