Grid_ItemDataBound 13 Conversion from string "editaccount.aspx" to type 'Double' is not valid.page_load 13 Conversion from string "editaccount.aspx" to type 'Integer' is not valid. 2024 Cost of Living Calculator for Taxes: Panama City Beach, Florida and Los Alamos, New Mexico

Panama City Beach, Florida vs. Los Alamos, New Mexico

Tax Compare

Our Premium Cost of Living Calculator includes, State and Local Income Taxes, State and Local Sales Taxes, Real Estate Transfer Fees, Federal, State, and Local Consumer Taxes (Gasoline, Liquor, Beer, Cigarettes), Corporate Taxes, plus Auto Sales, Property and Registration Taxes, and an Online Tool to customize your own personal estimated tax burden. Click here to customize.

Taxes
  15.6% higher in Los Alamos, New Mexico
than in Panama City Beach, Florida
Assumptions
  • Single, standard deduction, one exemption
  • Sales tax includes food and services
  • Real tax taxes are based on the local median home price
  • Car taxes assume a new Honda Accord costing $25,000
   Cost of living
      State level
Panama City Beach, FL    Los Alamos, NM    U.S. Avg
100 = US Avg. Below 100 means cheaper. Above 100 means more expensive. About our Cost of Living Index
   Customize Your Own Personal Estimated Taxes
Enter your income and we will give you your estimated taxes in Panama City Beach, Florida, we will also give you your estimated taxes in Los Alamos, New Mexico.
   Annual taxes
      Based on $60,000 income
   Social security taxes
Panama City Beach, FLLos Alamos, NM
Tax Social SecurityNoYes
Social Security Note Taxable but can be included as part of an overall retirement-income exemption of up to $8,000 per person
   Estimated sales tax
      State level, based on annual income of $75,000
Panama City Beach, FL    Los Alamos, NM    U.S. Avg
   Tax on food
Panama City Beach, FLLos Alamos, NM
Sales Tax On FoodNoNo
   Real estate tax
Panama City Beach, FL    Los Alamos, NM    U.S. Avg
Assumes the local median home price and sales tax is amoritized over 13 years.
   Vehicle tax
Panama City Beach, FL    Los Alamos, NM    U.S. Avg
Assumes a new $25,000 Honda Accord and Sales Tax is amortized over 6 years.
   Other taxes
      State level
Panama City Beach, FL    Los Alamos, NM    U.S. Avg
* grt = Gross Receipts Tax. In this state, the corporation is required to pay the gross receipts tax on each sale instead of a traditional income tax based on its earnings. The effect is that a percentage of the total revenue or gross receipts for each sale has to be paid to the state as tax. The gross receipts tax is much like a Value Added Tax, only for businesses rather than individuals. Four states impose gross receipt taxes, Nevada, Ohio, Texas, and Washington.
Cost of Child care