Myrtle Beach-Conway-North Myrtle Beach Panama City-Panama City Beach

Relocation analysis based on 7 federal data sources

Verdict
Unfavorable
Cost Index: 93.6 → 97.3
Rent Delta: +$217/mo

Pros of Moving

  • + Lower violent crime rate

Cons of Moving

  • - 4% higher cost of living
  • - $217/mo more expensive rent (2BR)
  • - Higher student-teacher ratios
  • - More expensive childcare
  • - More environmental violations

Moving from Myrtle Beach-Conway-North Myrtle Beach to Panama City-Panama City Beach shifts your BEA Regional Price Parity from 93.6 to 97.3 (100 = US average), so a Myrtle Beach-Conway-North Myrtle Beach salary needs to be multiplied by 1.04 to hold the same purchasing power in Panama City-Panama City Beach. On rent, HUD Fair Market Rent for a 2-bedroom goes from $1,465/month in Myrtle Beach-Conway-North Myrtle Beach to $1,682/month in Panama City-Panama City Beach - a higher monthly bill of $217, or $2,604/year. That rent delta alone is often the single biggest line item when relocating.

Wages tell the other half. BLS Occupational Employment and Wage Statistics report a median salary of $59,331 in Myrtle Beach-Conway-North Myrtle Beach versus $60,913 in Panama City-Panama City Beach - a raw gap of $1,582 higher. The Panama City-Panama City Beach labor market has 84,900 tracked jobs against 135,370 in Myrtle Beach-Conway-North Myrtle Beach, shaping how easy it is to find a comparable role. Combine that with the cost-of-living shift above and you get the real purchasing-power delta, sometimes a "higher salary" is actually a pay cut once rent and RPP are applied.

Safety, schools, and childcare round out the move. FBI UCR violent crime rates near Myrtle Beach-Conway-North Myrtle Beach and Panama City-Panama City Beach are 439 and 210 per 100,000 (state-level). NCES student-teacher ratios run 14.3:1 at origin versus 17.8:1 at destination. DOL center-based infant care costs $7,732/year in Myrtle Beach-Conway-North Myrtle Beach versus $10,505/year in Panama City-Panama City Beach. Our composite verdict - Unfavorable - weighs all seven federal sources; the dimension table below lets you override that with your personal priorities.

Dimension
Myrtle Beach-Conway-North Myrtle Beach
Panama City-Panama City Beach
Winner
💰 Cost of Living
RPP 93.6
RPP 97.3
Myrtle Beach-Conway-North Myrtle Beach
🏠 Rent (2BR)
$1,465/mo
$1,682/mo
Myrtle Beach-Conway-North Myrtle Beach
💼 Wages
$59,331
$60,913
Panama City-Panama City Beach
🔒 Crime
439 per 100K
210 per 100K
Panama City-Panama City Beach
🎓 Schools
14.3:1
17.8:1
Myrtle Beach-Conway-North Myrtle Beach
👶 Childcare
$7,732/yr
$10,505/yr
Myrtle Beach-Conway-North Myrtle Beach
🌿 Environment
647 violations
2676 violations
Myrtle Beach-Conway-North Myrtle Beach

Salary Adjustment Calculator

Enter your current salary in Myrtle Beach-Conway-North Myrtle Beach to see what you'd need to earn in Panama City-Panama City Beach to maintain the same purchasing power.

Equivalent salary in Panama City-Panama City Beach
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Frequently Asked Questions

Is Panama City-Panama City Beach more expensive than Myrtle Beach-Conway-North Myrtle Beach?
Panama City-Panama City Beach has an RPP of 97.3 compared to Myrtle Beach-Conway-North Myrtle Beach's 93.6 (100 = national average). Panama City-Panama City Beach is more expensive overall. The 2BR rent in Panama City-Panama City Beach is $1,682/mo vs $1,465/mo in Myrtle Beach-Conway-North Myrtle Beach.
What are salaries like in Panama City-Panama City Beach compared to Myrtle Beach-Conway-North Myrtle Beach?
The median salary in Panama City-Panama City Beach is $60,913 compared to $59,331 in Myrtle Beach-Conway-North Myrtle Beach. That's a +$1,582 difference.
Is Panama City-Panama City Beach safer than Myrtle Beach-Conway-North Myrtle Beach?
The violent crime rate near Panama City-Panama City Beach is 210 per 100K vs 439 per 100K near Myrtle Beach-Conway-North Myrtle Beach (state-level data). Panama City-Panama City Beach has a lower crime rate.
How much would I need to earn in Panama City-Panama City Beach to match my Myrtle Beach-Conway-North Myrtle Beach salary?
To maintain the same purchasing power, multiply your Myrtle Beach-Conway-North Myrtle Beach salary by 1.04. For example, a $75,000 salary in Myrtle Beach-Conway-North Myrtle Beach would need to be $77,927 in Panama City-Panama City Beach. Use the salary calculator above for your exact figure.
What does the "Unfavorable" verdict mean?
The verdict is computed from 7 dimensions, cost of living, rent, wages, crime, schools, childcare, and environment, using federal data. "Unfavorable" means the origin clearly wins on most dimensions. Individual priorities may shift the balance, weigh the dimensions that matter most to you.

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Source: BEA Regional Price Parities, HUD Fair Market Rents, BLS OES, FBI UCR, NCES, DOL, EPA June 2026

Data Sources

  • Cost of Living: Bureau of Economic Analysis (BEA) Regional Price Parities
  • Rent: HUD Fair Market Rents (FMR)
  • Wages: Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OES)
  • Crime: FBI Uniform Crime Reporting (UCR) - state level
  • Schools: National Center for Education Statistics (NCES)
  • Childcare: Department of Labor (DOL) - state level
  • Environment: Environmental Protection Agency (EPA)