Duluth, MN vs Panama City, FL Cost of Living
Data: BEA Regional Price Parities · Census ACS · 2024
Duluth is moderately cheaper than Panama City — 9.6% lower overall cost of living.
To match an $80,000 salary in Duluth, you would need $87,700 in Panama City. Calculate your salary ↓
Category Breakdown
Index values: 100 = U.S. national average. Higher = more expensive.
Salary Equivalency Calculator
Enter your current salary in Duluth to see what you'd need to earn in Panama City to maintain the same purchasing power.
Formula: salary × (97.3 ÷ 88.8) = salary × 1.0957. Based on BEA Regional Price Parities.
Housing Market
Duluth, MN
- Median Home Price
- $245,000
- Median Monthly Rent
- $1,750
- Housing Index
- 71.1
- Price-to-Rent Ratio
- 11.7×
Panama City, FL
- Median Home Price
- $337,000
- Median Monthly Rent
- $1,700
- Housing Index
- 96.4
- Price-to-Rent Ratio
- 16.5×
Panama City has 35.6% higher housing costs compared to Duluth.
Income & Job Market
Duluth, MN
- Median Household Income
- $70,200
- Per Capita Income
- $40,000
- Unemployment Rate
- 2.8%
- Population
- 89,127
Panama City, FL
- Median Household Income
- $69,700
- Per Capita Income
- $39,700
- Unemployment Rate
- 3%
- Population
- 36,877
Affordability at a Glance
Income-to-rent ratio: higher is better (more income relative to housing costs).
70% of income left after rent (median)
71% of income left after rent (median)
Related Comparisons
Duluth vs other cities
Panama City vs other cities
Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.
Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.
This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.