Albuquerque vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 9% cheaper for renters. A 2-bedroom rents for $879/mo vs $958/mo in Albuquerque — saving $948/year.
Rent by Unit Size
| Unit Size | Albuquerque | Panama City | Difference |
|---|---|---|---|
| Studio | $647 | $571 | $76 |
| 1 Bedroom | $793 | $706 | $87 |
| 2 Bedrooms | $958 | $879 | $79 |
| 3 Bedrooms | $1,161 | $1,032 | $129 |
| 4 Bedrooms | $1,339 | $1,302 | $37 |
| Median Income | $49,585 | $44,385 | $5,200 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/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 Albuquerque or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $958/mo in Albuquerque. That's $79/mo or $948/year more expensive in Albuquerque (9% higher).
What is the 2-bedroom rent in Albuquerque vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Albuquerque and Panama City?
The median household income in Albuquerque is $49,585/year. In Panama City it is $44,385/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Panama City?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Panama City it is $571/mo.