Bakersfield vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 16% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,018/mo in Bakersfield — saving $1,668/year.
Rent by Unit Size
| Unit Size | Bakersfield | Panama City | Difference |
|---|---|---|---|
| Studio | $683 | $571 | $112 |
| 1 Bedroom | $854 | $706 | $148 |
| 2 Bedrooms | $1,018 | $879 | $139 |
| 3 Bedrooms | $1,326 | $1,032 | $294 |
| 4 Bedrooms | $1,528 | $1,302 | $226 |
| Median Income | $67,968 | $44,385 | $23,583 |
Bakersfield
- Studio
- $683/mo
- 1 BR
- $854/mo
- 2 BR
- $1,018/mo
- 3 BR
- $1,326/mo
- 4 BR
- $1,528/mo
- Median Income
- $67,968/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 Bakersfield or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,018/mo in Bakersfield. That's $139/mo or $1,668/year more expensive in Bakersfield (16% higher).
What is the 2-bedroom rent in Bakersfield vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Bakersfield is $1,018/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Bakersfield and Panama City?
The median household income in Bakersfield is $67,968/year. In Panama City it is $44,385/year. Bakersfield has the higher median income.
What is the studio rent in Bakersfield vs Panama City?
A studio apartment Fair Market Rent in Bakersfield is $683/mo. In Panama City it is $571/mo.