Goulds, FL vs Panama City, FL

Panama City is moderately more affordable than Goulds, with a 12.8% lower cost of living index. Goulds scores 107 compared to 95 for Panama City, where the US average is 100. This difference means residents of Goulds can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Goulds is $1,104/month compared to $1,334/month in Panama City — a 17% difference. Interestingly, home values tell a different story: while Goulds has cheaper rent, Panama City actually has lower median home values ($243,200 vs $415,100).

Median household income in Goulds is $58,291 compared to $61,125 in Panama City (-4.6%). Panama City offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Goulds spend roughly 22.7% of their income on rent, less than the 26.2% in Panama City.

Climate-wise, Goulds is notably warmer with an average of 76.2°F compared to 68.3°F in Panama City. Panama City receives more rainfall at 59.5" per year compared to 56.1" in Goulds.