Panama City, FL vs Shady Hills, FL

Shady Hills is moderately more affordable than Panama City, with a 9.6% lower cost of living index. Panama City scores 95 compared to 86 for Shady Hills, 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 Panama City is $1,334/month compared to $1,054/month in Shady Hills — a 27% difference. Home values follow the same pattern: Shady Hills is more affordable at $225,600 median vs $243,200.

Median household income in Panama City is $61,125 compared to $63,250 in Shady Hills (-3.4%). Shady Hills offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Panama City spend roughly 26.2% of their income on rent, more than the 20% in Shady Hills.

Climate-wise, both cities share similar average temperatures (68.3°F vs 70.7°F). Panama City receives more rainfall at 59.5" per year compared to 51.9" in Shady Hills.