Chicago, IL vs Panama City, FL
Cost of Living Comparison
Panama City, FL is more affordable by 6.3 index points
Side-by-Side Comparison
| Category | Chicago, IL | Panama City, FL | Difference |
|---|---|---|---|
| Overall | 103.6 | 97.3 | +6.3 |
| Housing | 112.0 | 96.4 | +15.6 |
| Goods | 107.3 | 96.2 | +11.0 |
| Utilities | 83.6 | 88.1 | -4.5 |
| Other Services | 100.5 | 98.9 | +1.6 |
Income & Housing Comparison
| Metric | Chicago, IL | Panama City, FL |
|---|---|---|
| Median Household Income | $85,087 | $65,999 |
| Median Home Value | $288,400 | $246,800 |
| Median Monthly Rent | $1,310 | $1,311 |
| Per Capita Income | $45,977 | $36,868 |
Frequently Asked Questions
Is Chicago, IL or Panama City, FL cheaper to live in?
Panama City, FL is more affordable. The cost of living difference is 6.3 index points (Chicago, IL: 103.6, Panama City, FL: 97.3).
Where is housing cheaper, Chicago, IL or Panama City, FL?
Housing is more affordable in Panama City, FL. Housing index: Chicago, IL (112.0) vs Panama City, FL (96.4).