Middleburg, FL vs Panama City, FL

Middleburg is moderately more affordable than Panama City, with a 7.2% lower cost of living index. Middleburg scores 88 compared to 95 for Panama City, where the US average is 100. This difference means residents of Panama City can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Middleburg is $1,094/month compared to $1,334/month in Panama City — a 18% difference. Home values follow the same pattern: Middleburg is more affordable at $241,700 median vs $243,200.

Median household income in Middleburg is $70,877 compared to $61,125 in Panama City (+16%). Middleburg offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Middleburg spend roughly 18.5% of their income on rent, less than the 26.2% in Panama City.

Climate-wise, Middleburg is notably warmer with an average of 71.4°F compared to 68.3°F in Panama City. Panama City receives more rainfall at 59.5" per year compared to 47.6" in Middleburg.