Broken Bow, OK vs Panama, OK

Broken Bow, OK and Panama, OK have a very similar cost of living, with only a 2.9% difference in their overall index. Broken Bow scores 65 while Panama scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Broken Bow is $667/month compared to $833/month in Panama — a 20% difference. Interestingly, home values tell a different story: while Broken Bow has cheaper rent, Panama actually has lower median home values ($121,100 vs $159,000).

Median household income in Broken Bow is $50,744 compared to $45,489 in Panama (+11.6%). Broken Bow offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Broken Bow spend roughly 15.8% of their income on rent, less than the 22% in Panama.