Residential comparison · 13 facts
Panama City, FL vs Tallahassee, FL
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Panama City needs about $82,500 in Tallahassee to keep the same lifestyle.
Coming from Tallahassee, $85,000 of lifestyle costs about $87,500 in Panama City.
A few differences
- Panama City is higher on median household income ($62,265 vs $57,409).
- Panama City is lower on cost of living index (94 vs 95).
- Panama City is lower on median home price ($268,900 vs $294,400).
Panama City vs Tallahassee · facet by facet
| Facet | Panama City, FL | Tallahassee, FL |
|---|---|---|
| Median home price | $268,900 | $294,400 |
| 2-bedroom rent | $1,325/mo | $1,325/mo |
| Property tax rate | 0.8% | 0.8% |
| State & local income tax | 0% | 0% |
| Sales tax | 7% | 7% |
| Cost of living index | 94 | 95 |
| Groceries index | 103 | 103 |
| Utilities | $180/mo | $180/mo |
| Median household income | $62,265 | $57,409 |
| Unemployment rate | 3.3% | 3.3% |
| Crime index | 45/100 | 45/100 |
| School rating | 5.8/10 | 5.8/10 |
| Sunny days / year | 240 days | 240 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Panama City, FL · Tallahassee, FL
Questions & answers
- Is Panama City cheaper than Tallahassee?
- Panama City has the lower day-to-day cost index (94 vs 95 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Tallahassee equals $85,000 in Panama City?
- A household earning $85,000 in Panama City needs about $82,500 in Tallahassee to keep the same lifestyle; coming the other way, $85,000 of Tallahassee lifestyle costs about $87,500 in Panama City.