2025 Compare Cities Cost of Living:
Wake Forest, NC vs Panama City, FL

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Highlights
Is it cheaper to live in Panama City or is it cheaper to live in Wake Forest?
- Panama City is 9.8% less expensive than Wake Forest.

Which city has more affordable housing, Panama City or Wake Forest?
- Panama City housing costs are 48.6% less expensive than Wake Forest housing costs.

Is Health Care more affordable in Wake Forest or is Health Care more affordable in Panama City.
- Health related expenses are 4.5% more in Panama City.
 Wake Forest, NCPanama City, FLUnited States
 Overall  Unlock95.4100
 Food & Groceries101.7  Unlock100
 Health  Unlock99.1100
 Housing136.1  Unlock100
 Median Home Cost  Unlock$252,800$338,100
 Utilities104  Unlock100
 Transportation  Unlock90.0100
 Miscellaneous109.7  Unlock100
100 = National Average (Below 100 means cheaper than the US average. Above 100 means more expensive.)
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Reviews for Wake Forest    5 Reviews

Im a 22 year old male from Denver Colorado.im looking to relocate and transfer for work . Colorado has high taxes and high cost of living and also to much snow during  More

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Relocating from New York City three years ago took some adjustment and once settled in Wake Forest I was able to breath a little bit easier. The pace is something you  More

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The Triangle is a great place to work and live, more reasonable than the North but more expensive than most places in the South. We live in a beautiful  More

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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

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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

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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

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