Akron vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Akron is 7% cheaper for renters. A 2-bedroom rents for $822/mo vs $879/mo in Panama City — saving $684/year.
Rent by Unit Size
| Unit Size | Akron | Panama City | Difference |
|---|---|---|---|
| Studio | $552 | $571 | $19 |
| 1 Bedroom | $662 | $706 | $44 |
| 2 Bedrooms | $822 | $879 | $57 |
| 3 Bedrooms | $1,025 | $1,032 | $7 |
| 4 Bedrooms | $1,215 | $1,302 | $87 |
| Median Income | $43,989 | $44,385 | $396 |
Akron
- Studio
- $552/mo
- 1 BR
- $662/mo
- 2 BR
- $822/mo
- 3 BR
- $1,025/mo
- 4 BR
- $1,215/mo
- Median Income
- $43,989/yr
Panama City
- Studio
- $571/mo
- 1 BR
- $706/mo
- 2 BR
- $879/mo
- 3 BR
- $1,032/mo
- 4 BR
- $1,302/mo
- Median Income
- $44,385/yr
Frequently Asked Questions
Is Akron or Panama City cheaper to rent in?
Akron is cheaper — a 2-bedroom Fair Market Rent is $822/mo vs $879/mo in Panama City. That's $57/mo or $684/year more expensive in Panama City (7% higher).
What is the 2-bedroom rent in Akron vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Akron is $822/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Akron and Panama City?
The median household income in Akron is $43,989/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Akron vs Panama City?
A studio apartment Fair Market Rent in Akron is $552/mo. In Panama City it is $571/mo.