Bangor vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bangor is 14% cheaper for renters. A 2-bedroom rents for $774/mo vs $879/mo in Panama City — saving $1,260/year.
Rent by Unit Size
| Unit Size | Bangor | Panama City | Difference |
|---|---|---|---|
| Studio | $510 | $571 | $61 |
| 1 Bedroom | $653 | $706 | $53 |
| 2 Bedrooms | $774 | $879 | $105 |
| 3 Bedrooms | $996 | $1,032 | $36 |
| 4 Bedrooms | $1,108 | $1,302 | $194 |
| Median Income | $53,743 | $44,385 | $9,358 |
Bangor
- Studio
- $510/mo
- 1 BR
- $653/mo
- 2 BR
- $774/mo
- 3 BR
- $996/mo
- 4 BR
- $1,108/mo
- Median Income
- $53,743/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 Bangor or Panama City cheaper to rent in?
Bangor is cheaper — a 2-bedroom Fair Market Rent is $774/mo vs $879/mo in Panama City. That's $105/mo or $1,260/year more expensive in Panama City (14% higher).
What is the 2-bedroom rent in Bangor vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Bangor is $774/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Bangor and Panama City?
The median household income in Bangor is $53,743/year. In Panama City it is $44,385/year. Bangor has the higher median income.
What is the studio rent in Bangor vs Panama City?
A studio apartment Fair Market Rent in Bangor is $510/mo. In Panama City it is $571/mo.