Ann Arbor vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 33% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,170/mo in Ann Arbor — saving $3,492/year.
Rent by Unit Size
| Unit Size | Ann Arbor | Panama City | Difference |
|---|---|---|---|
| Studio | $781 | $571 | $210 |
| 1 Bedroom | $945 | $706 | $239 |
| 2 Bedrooms | $1,170 | $879 | $291 |
| 3 Bedrooms | $1,486 | $1,032 | $454 |
| 4 Bedrooms | $1,736 | $1,302 | $434 |
| Median Income | $58,245 | $44,385 | $13,860 |
Ann Arbor
- Studio
- $781/mo
- 1 BR
- $945/mo
- 2 BR
- $1,170/mo
- 3 BR
- $1,486/mo
- 4 BR
- $1,736/mo
- Median Income
- $58,245/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 Ann Arbor or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,170/mo in Ann Arbor. That's $291/mo or $3,492/year more expensive in Ann Arbor (33% higher).
What is the 2-bedroom rent in Ann Arbor vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Ann Arbor is $1,170/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Ann Arbor and Panama City?
The median household income in Ann Arbor is $58,245/year. In Panama City it is $44,385/year. Ann Arbor has the higher median income.
What is the studio rent in Ann Arbor vs Panama City?
A studio apartment Fair Market Rent in Ann Arbor is $781/mo. In Panama City it is $571/mo.