Cost of Living Calculator - Schaumburg, Illinois vs Panama City, Florida


The cost of living in Panama City, Florida is 17.7% cheaper than Schaumburg, Illinois.

You would need a salary of $61,732 in Panama City, Florida to maintain the standard of living you have in Schaumburg, Illinois.
Comparison highlights
• Overall, Panama City, Florida is cheaper than Schaumburg, Illinois
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
7% cheaper in Panama City
than in Schaumburg, Illinois
Schaumburg, IL vs Panama City, FL
Compared to Schaumburg, Panama City is:
  Homeowner
      No Child Care, Taxes not Considered
  17.7% lower
      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
  0.5% lower
  Housing (Homeowner)
  20.3% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  5.9% higher
  Commute
  28.2% lower
  Health
  12.6% higher
  Taxes
  Childcare
  Personal
  9.2% lower

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