Housing costs in Panama?
A typical home costs
$152,000, which is 55.0% less expensive than the national average of
$338,100 and 63.2% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Panama costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 145.0% cheaper than the state average of
$1,960.
Can I afford Panama?
To live comfortably in Panama (zip 14767), New York, a minimum annual income of
$29,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Panama?
The cost of living in Panama, NY (zip code 14767) is fairly affordable compared to other areas of the United States. According to BestPlaces.net, the median home cost in Panama is $91,900, which is much lower than the national median home price of $184,700. Additionally, the cost of living index in Panama is 83.4 (100 being the average across the US), indicating that overall living expenses are lower than average. Groceries and transportation costs are below average too, making it a great place to live for those looking for an affordable lifestyle.