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Canton, OK vs Panama, OK

60
Canton
Oklahoma
VS
-9.1%
67
Panama
Oklahoma

Canton is moderately more affordable than Panama, with a 9.1% lower cost of living index. Canton scores 60 compared to 67 for Panama, where the US average is 100. This difference means residents of Panama can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Canton is $773/month compared to $833/month in Panama — a 7% difference. Home values follow the same pattern: Canton is more affordable at $69,700 median vs $121,100.

Median household income in Canton is $61,818 compared to $45,489 in Panama (+35.9%). Canton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Canton spend roughly 15% of their income on rent, less than the 22% in Panama.

Income & Cost

Cost of Living Index
Canton
60
9% cheaper
Panama
67
Median Household Income
Canton
$61,818
26% higher
Panama
$45,489

Housing

Median Rent
Canton
$773
7% cheaper
Panama
$833
Median Home Value
Canton
$69,700
42% cheaper
Panama
$121,100
Population
Canton
503
Panama
1,432

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