2025 Compare Cities Cost of Living:
Panama City, FL vs Palm Bay, FL

Change Cities
Highlights
Is it cheaper to live in Palm Bay or is it cheaper to live in Panama City?
- Palm Bay is 0.2% more expensive than Panama City.

Which city has more affordable housing, Palm Bay or Panama City?
- Palm Bay housing costs are 10.7% more expensive than Panama City housing costs.

Is Health Care more affordable in Panama City or is Health Care more affordable in Palm Bay.
- Health related expenses are 0.8% more in Palm Bay.
 Panama City, FLPalm Bay, FLUnited States
 Overall  Unlock95.6100
 Food & Groceries96.5  Unlock100
 Health  Unlock99.9100
 Housing70.0  Unlock100
 Median Home Cost  Unlock$301,500$338,100
 Utilities106  Unlock100
 Transportation  Unlock89.1100
 Miscellaneous92.1  Unlock100
100 = National Average (Below 100 means cheaper than the US average. Above 100 means more expensive.)
DID YOU KNOW?

In order to keep your same standard of living your salary can vary greatly - whether you buy or rent, require child care, or want to include taxes. This is why we are now offering a Premium Salary & Cost of Living Calculator.

Our Premium Calculator Includes:
- Compare Cities cost of living across 9 different categories
- Personal salary calculations can optionally include Home ownership or rental, Child care, and Taxes (with details on state and local sales, income, property and automobile taxes)
- Includes the cost of Child Care for toddlers or infants, at a day care center or home care
- Grocery prices, detailed for 29 staple items in six categories
- Difference in cost of Utilities, including electric, gas and fuel oil
- Health Care Premiums and hospital expenses for major surgeries
- Taxes, Fees and Expenses you should know about, such as local car insurance rates, automobile taxes and registration, commuting costs.
- and 100s of other items you should consider before you relocate

Upgrade to Premium | See Example

Reviews for Panama City    20 Reviews

Over 3 years ago

I moved here from Akron, OH back in 2007 and was expecting a huge city (similar to Miami), nope, I was wrong. It ended up being more like a backwards redneck town more  More

   |    Reply

Over 4 years ago

If you love bars, trailers, isolation, and generic shopping while feeling depressed then this is the place for you. Panama City has alot of shallow people, most red  More

   |    Reply

This review is from a 24 year resident moved from Michigan. When I first moved, I missed the bigger city things like a university, large library, electronics stores, and  More

   |    Reply

Start Your Review of Panama City

Reviews for Palm Bay    27 Reviews

I moved to Palm Bay in 2020 and the cost of living has skyrocketed! A two bedroom apartment was around $900/month in 2020. Now it's $1600 and up. Mostly up. A three  More

   |    Reply

My family of 4 have lived here in NW Palm Bay for over 10 years. My wife and my son from another marriage lived here for over 7 before that. I myself have lived here for  More

   |    Reply

I lived in Palm Bay for 12 years. It's a very unfriendly and crowded place to live. It's well into the 90's from late April till right around the 10th of November. The  More

   |    Reply

Start Your Review of Palm Bay


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.