Panama City

Cost of Living in Panama City, FL (2026): Rent, Utilities & Take-Home

$2,328 left/mo

Photo: Balon Greyjoy / Wikimedia

$3,317/mo in Panama City. $2,328 left each month. Prices near the US average.

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Monthly costs

Take-home $5,645/mo.

Taxes$1,333
Rent$1,328
Other$1,989
Left$2,328

Pay and tax, per year

Gross household pay: $83,730
Federal income tax: −$9,591
Social Security and Medicare: −$6,405
State income tax (FL): None
Take-home pay: $67,734
Effective tax rate: 19.1%

Living costs, per month

Rent, 1br: $1,328
Groceries: $387
Getting around: $587
Healthcare: $435
Utilities and internet: $242
Everything else: $338
Total spending: $3,317

After tax and rent

$2,328 left/mo

Stats

Rent: $1,581; 2 bd median
Take-home: $5,645; Per month
Tax: 19%; Of pay
Prices: 3% below; US, besides rent

Average electric bill in Florida

About $137 a month for a household using 900 kWh. That is the EIA residential price for Florida in 2025, 15.21¢ per kWh. It is a state average, not a Panama City utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Moving from Panama City

Moving from Panama City to Miami