Amarillo vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Amarillo is 18% cheaper for renters. A 2-bedroom rents for $744/mo vs $879/mo in Panama City — saving $1,620/year.
Rent by Unit Size
| Unit Size | Amarillo | Panama City | Difference |
|---|---|---|---|
| Studio | $501 | $571 | $70 |
| 1 Bedroom | $606 | $706 | $100 |
| 2 Bedrooms | $744 | $879 | $135 |
| 3 Bedrooms | $961 | $1,032 | $71 |
| 4 Bedrooms | $1,008 | $1,302 | $294 |
| Median Income | $37,767 | $44,385 | $6,618 |
Amarillo
- Studio
- $501/mo
- 1 BR
- $606/mo
- 2 BR
- $744/mo
- 3 BR
- $961/mo
- 4 BR
- $1,008/mo
- Median Income
- $37,767/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 Amarillo or Panama City cheaper to rent in?
Amarillo is cheaper — a 2-bedroom Fair Market Rent is $744/mo vs $879/mo in Panama City. That's $135/mo or $1,620/year more expensive in Panama City (18% higher).
What is the 2-bedroom rent in Amarillo vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Amarillo is $744/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Amarillo and Panama City?
The median household income in Amarillo is $37,767/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Amarillo vs Panama City?
A studio apartment Fair Market Rent in Amarillo is $501/mo. In Panama City it is $571/mo.