Lakeland, FL vs Panama City, FL
Cost of Living Comparison
Lakeland, FL is more affordable by 0.2 index points
Side-by-Side Comparison
| Category | Lakeland, FL | Panama City, FL | Difference |
|---|---|---|---|
| Overall | 97.1 | 97.3 | -0.2 |
| Housing | 95.9 | 96.4 | -0.5 |
| Goods | 96.2 | 96.2 | 0.0 |
| Utilities | 86.9 | 88.1 | -1.2 |
| Other Services | 98.9 | 98.9 | 0.0 |
Income & Housing Comparison
| Metric | Lakeland, FL | Panama City, FL |
|---|---|---|
| Median Household Income | $60,901 | $65,999 |
| Median Home Value | $215,700 | $246,800 |
| Median Monthly Rent | $1,192 | $1,311 |
| Per Capita Income | $30,262 | $36,868 |
Frequently Asked Questions
Is Lakeland, FL or Panama City, FL cheaper to live in?
Lakeland, FL is more affordable. The cost of living difference is 0.2 index points (Lakeland, FL: 97.1, Panama City, FL: 97.3).
Where is housing cheaper, Lakeland, FL or Panama City, FL?
Housing is more affordable in Lakeland, FL. Housing index: Lakeland, FL (95.9) vs Panama City, FL (96.4).