Ferguson, IA vs Panama, IA

There is a significant gap in the cost of living between these two cities. Ferguson is 20.4% cheaper than Panama. With a cost index of 56 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ferguson to Panama should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ferguson is $590/month compared to $939/month in Panama — a 37% difference. Home values follow the same pattern: Ferguson is more affordable at $75,700 median vs $121,600.

Median household income in Ferguson is $51,250 compared to $61,250 in Panama (-16.3%). The higher salaries in Panama partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Ferguson spend roughly 13.8% of their income on rent, less than the 18.4% in Panama.