Panama 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.
IndexPanamaOklahomaNational
Cost of living index7588100
IndexPanamaOklahomaNational
Goods & Services index8997100
Groceries index9995100
Health care index8895100
Housing index3969100
Transportation index8090100
Utilities index9698100

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Did you know?

  • The cost of living in Panama is 15% lower than the Oklahoma average.
  • The cost of living in Panama is 25% lower than the national average.
  • The cost of housing in Panama is 61% lower than the national average.
  • Oklahoma general sales tax is 12% lower than the national average.
  • Oklahoma state income tax is 78% lower than the national average.

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Compare Panama, OK Cost of living To Other Cities

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Groceries index
Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$33,092$2,758$772$993
Renters$15,662$1,305$365$470

Oklahoma Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oklahoma4.5%11%

Oklahoma Income Tax

StateIncome Tax (Low)Income Tax (High)
Oklahoma0.5%5%

Goods & Services

ItemPanamaNational avg.Difference
Haircut $13.82$16.0914.1%
Beauty Salon $23.75$37.3336.4%
Toothpaste $1.85$2.4524.3%
Shampoo $1.05$1.004.6%
Movie $9.31$10.289.4%
Bowling $3.50$4.9329.0%

Groceries

ItemPanamaNational avg.Difference
Ground Beef $3.01$3.8020.9%
Fried Chicken $1.39$1.400.5%
Milk $1.86$2.017.2%
Potatoes $2.25$3.0125.4%
Pizza $9.33$9.895.6%
Beer $7.60$8.9014.6%

Health Care

ItemPanamaNational avg.Difference
Optometrist $88.78$102.1613.1%
Doctor $93.27$108.3613.9%
Dentist $75.78$92.5318.1%
Ibuprofen $9.53$9.282.7%
Lipitor $407.45$425.824.3%

Housing

ItemPanamaNational avg.Difference
Home Price $51,700.00$184,700.0072.0%
Avg. Mortgage Payment $941.85$1,202.4421.7%
Apartment Rent $618.00$949.0034.9%

Transportation

ItemPanamaNational avg.Difference
Gasoline $2.01$2.2410.6%
Tire Balancing $28.47$46.2938.5%

Utilities

ItemPanamaNational avg.Difference
All Electricity$154.68$165.966.8%
Phone $28.67$28.680.0%
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, StatePopulationCost of Living IndexNational Avg.
Cowlington, OK12073-27%
Bokoshe, OK42273-27%
Keota, OK60774-26%
Cameron, OK34775-25%
Wister, OK1,02576-24%
Panama, OK1,24175-25%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
The Galena Territory, IL1,24111212%
Camillus, NY1,24188-12%
Teviston, CA1,2411099%
Knights Landing, CA1,2401000%
Dulac, LA1,24079-21%
Panama, OK1,24175-25%
Source: The Panama, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.