Birmingham-Hoover vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Birmingham-Hoover is 2% cheaper for renters. A 2-bedroom rents for $863/mo vs $879/mo in Panama City — saving $192/year.
Rent by Unit Size
| Unit Size | Birmingham-Hoover | Panama City | Difference |
|---|---|---|---|
| Studio | $540 | $571 | $31 |
| 1 Bedroom | $687 | $706 | $19 |
| 2 Bedrooms | $863 | $879 | $16 |
| 3 Bedrooms | $1,083 | $1,032 | $51 |
| 4 Bedrooms | $1,216 | $1,302 | $86 |
| Median Income | $46,088 | $44,385 | $1,703 |
Birmingham-Hoover
- Studio
- $540/mo
- 1 BR
- $687/mo
- 2 BR
- $863/mo
- 3 BR
- $1,083/mo
- 4 BR
- $1,216/mo
- Median Income
- $46,088/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 Birmingham-Hoover or Panama City cheaper to rent in?
Birmingham-Hoover is cheaper — a 2-bedroom Fair Market Rent is $863/mo vs $879/mo in Panama City. That's $16/mo or $192/year more expensive in Panama City (2% higher).
What is the 2-bedroom rent in Birmingham-Hoover vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Birmingham-Hoover is $863/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Birmingham-Hoover and Panama City?
The median household income in Birmingham-Hoover is $46,088/year. In Panama City it is $44,385/year. Birmingham-Hoover has the higher median income.
What is the studio rent in Birmingham-Hoover vs Panama City?
A studio apartment Fair Market Rent in Birmingham-Hoover is $540/mo. In Panama City it is $571/mo.