Cost of Living in Panacea, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
54.6
100 = national avg
-45.4 vs national average
Living Wage (1 Adult)
$24,004
per year
Living Wage (Family of 4)
$56,737
per year
Cost Index by Category
Housing30.6
Food77.8
Transportation55.5
Healthcare82.2
Utilities72.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,073
per month
2 Bedroom
$1,199
per month
The overall cost of living index in Panacea is 54.6, which is 45.4% below the national average. Housing costs are below the national average at an index of 30.6. A single adult needs to earn approximately $24,004 per year to cover basic expenses.