Panacea, FL Cost Of Living

Panacea cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Panacea	Florida	National
Cost of living index	87	99	100
Index	Panacea	Florida	National
Goods & Services index	99	99	100
Groceries index	110	105	100
Health care index	99	98	100
Housing index	60	96	100
Transportation index	93	100	100
Utilities index	86	103	100

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The cost of living in Panacea is 12% lower than the Florida average.
The cost of living in Panacea is 13% lower than the national average.
The cost of housing in Panacea is 40% lower than the national average.
Florida general sales tax is 18% higher than the national average.
Florida state income tax is 100% lower than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$40,769	$3,397	$951	$1,223
Renters	$19,643	$1,637	$458	$589

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

Goods & Services

Item	Panacea	National avg.	Difference
Haircut	$13.13	$16.09	18.4%
Beauty Salon	$36.20	$37.33	3.0%
Toothpaste	$3.05	$2.45	24.8%
Shampoo	$0.93	$1.00	7.1%
Movie	$11.22	$10.28	9.1%
Bowling	$4.75	$4.93	3.7%

Groceries

Item	Panacea	National avg.	Difference
Ground Beef	$4.43	$3.80	16.5%
Fried Chicken	$1.55	$1.40	11.0%
Milk	$2.48	$2.01	23.7%
Potatoes	$4.07	$3.01	35.1%
Pizza	$8.96	$9.89	9.4%
Beer	$9.35	$8.90	5.1%

Health Care

Item	Panacea	National avg.	Difference
Optometrist	$83.27	$102.16	18.5%
Doctor	$94.73	$108.36	12.6%
Dentist	$96.10	$92.53	3.9%
Ibuprofen	$10.91	$9.28	17.5%
Lipitor	$431.18	$425.82	1.3%

Housing

Item	Panacea	National avg.	Difference
Home Price	$89,200.00	$184,700.00	51.7%
Avg. Mortgage Payment	$1,069.42	$1,202.44	11.1%
Apartment Rent	$835.00	$949.00	12.0%

Transportation

Item	Panacea	National avg.	Difference
Gasoline	$2.24	$2.24	0.2%
Tire Balancing	$37.12	$46.29	19.8%

Utilities

Item	Panacea	National avg.	Difference
All Electricity	$120.35	$165.96	27.5%
Phone	$29.50	$28.68	2.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Sopchoppy, FL	422	84	-16%
St. Marks, FL	237	89	-11%
Crawfordville, FL	4,115	92	-8%
Panacea, FL	933	87	-13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Summitville, IN	933	81	-19%
Ivyland, PA	933	132	32%
Mayville, MI	933	82	-18%
Adair Village, OR	933	112	12%
Rice, TX	933	87	-13%
Panacea, FL	933	87	-13%

Source: The Panacea, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Panacea, FL Cost of Living