Asheville vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 26% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,106/mo in Asheville — saving $2,724/year.
Rent by Unit Size
| Unit Size | Asheville | Panama City | Difference |
|---|---|---|---|
| Studio | $689 | $571 | $118 |
| 1 Bedroom | $875 | $706 | $169 |
| 2 Bedrooms | $1,106 | $879 | $227 |
| 3 Bedrooms | $1,316 | $1,032 | $284 |
| 4 Bedrooms | $1,577 | $1,302 | $275 |
| Median Income | $64,400 | $44,385 | $20,015 |
Asheville
- Studio
- $689/mo
- 1 BR
- $875/mo
- 2 BR
- $1,106/mo
- 3 BR
- $1,316/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,400/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 Asheville or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,106/mo in Asheville. That's $227/mo or $2,724/year more expensive in Asheville (26% higher).
What is the 2-bedroom rent in Asheville vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Asheville and Panama City?
The median household income in Asheville is $64,400/year. In Panama City it is $44,385/year. Asheville has the higher median income.
What is the studio rent in Asheville vs Panama City?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Panama City it is $571/mo.