Bismarck vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bismarck is 8% cheaper for renters. A 2-bedroom rents for $817/mo vs $879/mo in Panama City — saving $744/year.
Rent by Unit Size
| Unit Size | Bismarck | Panama City | Difference |
|---|---|---|---|
| Studio | $555 | $571 | $16 |
| 1 Bedroom | $667 | $706 | $39 |
| 2 Bedrooms | $817 | $879 | $62 |
| 3 Bedrooms | $1,020 | $1,032 | $12 |
| 4 Bedrooms | $1,141 | $1,302 | $161 |
| Median Income | $52,444 | $44,385 | $8,059 |
Bismarck
- Studio
- $555/mo
- 1 BR
- $667/mo
- 2 BR
- $817/mo
- 3 BR
- $1,020/mo
- 4 BR
- $1,141/mo
- Median Income
- $52,444/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 Bismarck or Panama City cheaper to rent in?
Bismarck is cheaper — a 2-bedroom Fair Market Rent is $817/mo vs $879/mo in Panama City. That's $62/mo or $744/year more expensive in Panama City (8% higher).
What is the 2-bedroom rent in Bismarck vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Bismarck is $817/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Bismarck and Panama City?
The median household income in Bismarck is $52,444/year. In Panama City it is $44,385/year. Bismarck has the higher median income.
What is the studio rent in Bismarck vs Panama City?
A studio apartment Fair Market Rent in Bismarck is $555/mo. In Panama City it is $571/mo.