Baltimore-Columbia-Towson vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 40% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,227/mo in Baltimore-Columbia-Towson — saving $4,176/year.
Rent by Unit Size
| Unit Size | Baltimore-Columbia-Towson | Panama City | Difference |
|---|---|---|---|
| Studio | $829 | $571 | $258 |
| 1 Bedroom | $1,006 | $706 | $300 |
| 2 Bedrooms | $1,227 | $879 | $348 |
| 3 Bedrooms | $1,606 | $1,032 | $574 |
| 4 Bedrooms | $1,767 | $1,302 | $465 |
| Median Income | $88,278 | $44,385 | $43,893 |
Baltimore-Columbia-Towson
- Studio
- $829/mo
- 1 BR
- $1,006/mo
- 2 BR
- $1,227/mo
- 3 BR
- $1,606/mo
- 4 BR
- $1,767/mo
- Median Income
- $88,278/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 Baltimore-Columbia-Towson or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,227/mo in Baltimore-Columbia-Towson. That's $348/mo or $4,176/year more expensive in Baltimore-Columbia-Towson (40% higher).
What is the 2-bedroom rent in Baltimore-Columbia-Towson vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Baltimore-Columbia-Towson is $1,227/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Baltimore-Columbia-Towson and Panama City?
The median household income in Baltimore-Columbia-Towson is $88,278/year. In Panama City it is $44,385/year. Baltimore-Columbia-Towson has the higher median income.
What is the studio rent in Baltimore-Columbia-Towson vs Panama City?
A studio apartment Fair Market Rent in Baltimore-Columbia-Towson is $829/mo. In Panama City it is $571/mo.