Anchorage vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 32% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,162/mo in Anchorage — saving $3,396/year.
Rent by Unit Size
| Unit Size | Anchorage | Panama City | Difference |
|---|---|---|---|
| Studio | $795 | $571 | $224 |
| 1 Bedroom | $960 | $706 | $254 |
| 2 Bedrooms | $1,162 | $879 | $283 |
| 3 Bedrooms | $1,475 | $1,032 | $443 |
| 4 Bedrooms | $1,674 | $1,302 | $372 |
| Median Income | $75,443 | $44,385 | $31,058 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/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 Anchorage or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,162/mo in Anchorage. That's $283/mo or $3,396/year more expensive in Anchorage (32% higher).
What is the 2-bedroom rent in Anchorage vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Anchorage and Panama City?
The median household income in Anchorage is $75,443/year. In Panama City it is $44,385/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Panama City?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Panama City it is $571/mo.