Panama City Beach, Florida vs. Cape May, New Jersey

Cost of Living Comparison

The cost of living in Cape May, New Jersey is 14.4% more expensive than Panama City Beach, Florida.

You would need a salary of $102,991 in Cape May, New Jersey to maintain the standard of living you have in Panama City Beach, Florida.
Comparison highlights
• Overall, Cape May, New Jersey is more expensive than Panama City Beach, Florida
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
39% more expensive in Cape May
than in Panama City Beach, Florida
Panama City Beach, FL vs. Cape May, NJ
Compared to Panama City Beach, Cape May is:
  Homeowner
      No Child Care, Taxes not Considered
  14.4% higher
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  5.4% higher
  Housing (Homeowner)
  118.8% higher
  Housing (Rent)
  Median Home Cost
  Utilities
  5.0% higher
  Commute
  2.7% lower
  Health
  1.7% lower
  Taxes
  Childcare
  Personal
  7.8% higher