Panama City, FL vs Prescott Valley, AZ: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Prescott Valley, AZ and Panama City, FL are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Panama City works out to about $75,700 in Prescott Valley, before taxes.
- Housing is 2.4% higher in Prescott Valley, goods 0.0% lower and other services 1.0% higher, which roughly cancel out.
- Typical asking rent is $1,883 a month in Prescott Valley and $1,735 in Panama City, $1,776 a year more in Prescott Valley (Zillow, September 2026).
- The gap is about where it was in 2019 (1.4%).
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Panama City and Prescott Valley
Price level by category, 2024. US average = 100.
- Panama City, FL
- Prescott Valley, AZ
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Panama City, FL | Prescott Valley, AZ | |
|---|---|---|
| All items | 97.3 | 98.3 |
| Goods | 96.2 | 96.2 |
| Housing (rents) | 96.4 | 98.8 |
| Utilities | 88.1 | 91.5 |
| Other services | 98.9 | 99.8 |
| Category | Panama City | Prescott Valley | Prescott Valley vs Panama City |
|---|---|---|---|
| All items | 97.3 | 98.3 | +1.0% |
| Goods | 96.2 | 96.2 | 0.0% |
| Housing (rents) | 96.4 | 98.8 | +2.4% |
| Utilities | 88.1 | 91.5 | +3.8% |
| Other services | 98.9 | 99.8 | +1.0% |
| Typical asking rent | $1,735 | $1,883 | +8.5% |
| Salary to match $75,000 in Panama City | $75,000 | $75,700 | +1.0% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Panama City and Prescott Valley has narrowed since 2008: 6.3 points then, 1.0 now
Overall price level each year, 2008–2024. US average = 100.
- Panama City, FL
- Prescott Valley, AZ
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Panama City, FL | Prescott Valley, AZ | |
|---|---|---|
| 2008 | 96.7 | 103.0 |
| 2009 | 94.4 | 98.8 |
| 2010 | 96.4 | 97.8 |
| 2011 | 97.7 | 97.8 |
| 2012 | 96.8 | 96.5 |
| 2013 | 94.3 | 97.8 |
| 2014 | 95.2 | 96.4 |
| 2015 | 94.8 | 100.3 |
| 2016 | 95.2 | 98.6 |
| 2017 | 94.1 | 99.5 |
| 2018 | 94.2 | 93.7 |
| 2019 | 94.6 | 95.9 |
| 2020 | 94.6 | 93.2 |
| 2021 | 96.8 | 93.9 |
| 2022 | 97.3 | 92.6 |
| 2023 | 97.8 | 95.6 |
| 2024 | 97.3 | 98.3 |
Goods
- Panama City, FL
- Prescott Valley, AZ
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Panama City, FL | Prescott Valley, AZ | |
|---|---|---|
| 2008 | 97.3 | 101.2 |
| 2009 | 95.2 | 100.1 |
| 2010 | 96.8 | 98.7 |
| 2011 | 96.7 | 98.9 |
| 2012 | 96.6 | 97.1 |
| 2013 | 96.7 | 95.8 |
| 2014 | 97.0 | 97.7 |
| 2015 | 96.3 | 104.1 |
| 2016 | 96.7 | 105.2 |
| 2017 | 96.8 | 101.4 |
| 2018 | 95.3 | 95.7 |
| 2019 | 95.3 | 99.0 |
| 2020 | 95.2 | 96.5 |
| 2021 | 95.7 | 96.6 |
| 2022 | 95.0 | 97.7 |
| 2023 | 96.3 | 96.8 |
| 2024 | 96.2 | 96.2 |
Housing (rents)
- Panama City, FL
- Prescott Valley, AZ
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Panama City, FL | Prescott Valley, AZ | |
|---|---|---|
| 2008 | 91.7 | 110.1 |
| 2009 | 86.2 | 95.2 |
| 2010 | 90.5 | 95.5 |
| 2011 | 93.4 | 93.8 |
| 2012 | 90.6 | 92.4 |
| 2013 | 80.8 | 95.7 |
| 2014 | 81.4 | 86.6 |
| 2015 | 80.3 | 94.6 |
| 2016 | 80.8 | 91.5 |
| 2017 | 78.6 | 95.9 |
| 2018 | 83.6 | 84.5 |
| 2019 | 91.5 | 87.0 |
| 2020 | 92.0 | 84.4 |
| 2021 | 93.0 | 94.6 |
| 2022 | 95.7 | 84.2 |
| 2023 | 96.7 | 100.6 |
| 2024 | 96.4 | 98.8 |
Utilities
- Panama City, FL
- Prescott Valley, AZ
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Panama City, FL | Prescott Valley, AZ | |
|---|---|---|
| 2008 | 95.5 | 87.1 |
| 2009 | 98.1 | 92.9 |
| 2010 | 95.8 | 99.8 |
| 2011 | 94.7 | 102.1 |
| 2012 | 92.9 | 101.0 |
| 2013 | 90.9 | 100.5 |
| 2014 | 94.5 | 101.6 |
| 2015 | 92.0 | 101.5 |
| 2016 | 87.3 | 105.3 |
| 2017 | 85.8 | 103.0 |
| 2018 | 88.0 | 92.3 |
| 2019 | 89.2 | 94.4 |
| 2020 | 86.4 | 92.8 |
| 2021 | 86.7 | 86.5 |
| 2022 | 90.8 | 87.1 |
| 2023 | 91.4 | 85.4 |
| 2024 | 88.1 | 91.5 |
Other services
- Panama City, FL
- Prescott Valley, AZ
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Panama City, FL | Prescott Valley, AZ | |
|---|---|---|
| 2008 | 98.8 | 102.4 |
| 2009 | 97.5 | 100.0 |
| 2010 | 98.9 | 98.1 |
| 2011 | 100.4 | 98.4 |
| 2012 | 100.4 | 97.5 |
| 2013 | 99.7 | 100.2 |
| 2014 | 100.4 | 99.9 |
| 2015 | 101.1 | 100.0 |
| 2016 | 101.7 | 96.8 |
| 2017 | 100.2 | 99.6 |
| 2018 | 98.8 | 96.5 |
| 2019 | 95.9 | 97.4 |
| 2020 | 96.0 | 94.7 |
| 2021 | 99.7 | 92.0 |
| 2022 | 99.9 | 92.5 |
| 2023 | 99.8 | 93.3 |
| 2024 | 98.9 | 99.8 |
Rent and home values
Typical asking rent: $1,883 in Prescott Valley vs $1,735 in Panama City
Typical asking rent for a new lease, dollars per month. Quarterly.
- Panama City, FL
- Prescott Valley, AZ
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Panama City, FL | Prescott Valley, AZ | United States | |
|---|---|---|---|
| Mar 2015 | $929 | $965 | $1,145 |
| Jun 2015 | $942 | $981 | $1,170 |
| Sep 2015 | $949 | $1,011 | $1,181 |
| Dec 2015 | $951 | $1,004 | $1,182 |
| Mar 2016 | $967 | $1,026 | $1,195 |
| Jun 2016 | $980 | $1,048 | $1,219 |
| Sep 2016 | $981 | $1,060 | $1,225 |
| Dec 2016 | $963 | $1,077 | $1,222 |
| Mar 2017 | $984 | $1,086 | $1,245 |
| Jun 2017 | $1,018 | $1,119 | $1,270 |
| Sep 2017 | $1,020 | $1,139 | $1,276 |
| Dec 2017 | $1,025 | $1,150 | $1,275 |
| Mar 2018 | $1,045 | $1,175 | $1,296 |
| Jun 2018 | $1,062 | $1,197 | $1,320 |
| Sep 2018 | $1,083 | $1,220 | $1,327 |
| Dec 2018 | – | $1,214 | $1,329 |
| Mar 2019 | $1,322 | $1,244 | $1,349 |
| Jun 2019 | $1,396 | $1,280 | $1,376 |
| Sep 2019 | $1,390 | $1,279 | $1,383 |
| Dec 2019 | $1,354 | $1,295 | $1,381 |
| Mar 2020 | $1,296 | $1,320 | $1,402 |
| Jun 2020 | $1,316 | $1,318 | $1,406 |
| Sep 2020 | $1,357 | $1,360 | $1,410 |
| Dec 2020 | $1,368 | $1,392 | $1,407 |
| Mar 2021 | $1,413 | $1,477 | $1,443 |
| Jun 2021 | $1,482 | $1,562 | $1,512 |
| Sep 2021 | $1,562 | $1,640 | $1,590 |
| Dec 2021 | $1,608 | $1,676 | $1,622 |
| Mar 2022 | $1,625 | $1,697 | $1,661 |
| Jun 2022 | $1,672 | $1,801 | $1,721 |
| Sep 2022 | $1,700 | $1,775 | $1,748 |
| Dec 2022 | $1,647 | $1,745 | $1,735 |
| Mar 2023 | $1,674 | $1,771 | $1,757 |
| Jun 2023 | $1,703 | $1,795 | $1,785 |
| Sep 2023 | $1,685 | $1,792 | $1,797 |
| Dec 2023 | $1,662 | $1,785 | $1,786 |
| Mar 2024 | $1,663 | $1,808 | $1,807 |
| Jun 2024 | $1,712 | $1,812 | $1,837 |
| Sep 2024 | $1,720 | $1,829 | $1,845 |
| Dec 2024 | $1,662 | $1,821 | $1,836 |
| Mar 2025 | $1,655 | $1,842 | $1,860 |
| Jun 2025 | $1,703 | $1,881 | $1,880 |
| Sep 2025 | $1,708 | $1,868 | $1,881 |
| Dec 2025 | $1,662 | $1,865 | $1,873 |
| Mar 2026 | $1,673 | $1,857 | $1,894 |
| Jun 2026 | $1,718 | $1,880 | $1,921 |
| Sep 2026 | $1,735 | $1,883 | $1,932 |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.