Panama, IA vs Rockford, IA

Rockford is moderately more affordable than Panama, with a 11.8% lower cost of living index. Panama scores 70 compared to 63 for Rockford, 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 Panama is $939/month compared to $779/month in Rockford — a 21% difference. Home values follow the same pattern: Rockford is more affordable at $90,200 median vs $121,600.

Median household income in Panama is $61,250 compared to $62,759 in Rockford (-2.4%). Rockford 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 spend roughly 18.4% of their income on rent, more than the 14.9% in Rockford.

Climate-wise, Panama is notably warmer with an average of 52.4°F compared to 45.6°F in Rockford. Rockford receives more rainfall at 36.3" per year compared to 31.9" in Panama.