Boise City vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 29% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,134/mo in Boise City — saving $3,060/year.
Rent by Unit Size
| Unit Size | Boise City | Panama City | Difference |
|---|---|---|---|
| Studio | $728 | $571 | $157 |
| 1 Bedroom | $907 | $706 | $201 |
| 2 Bedrooms | $1,134 | $879 | $255 |
| 3 Bedrooms | $1,352 | $1,032 | $320 |
| 4 Bedrooms | $1,542 | $1,302 | $240 |
| Median Income | $60,482 | $44,385 | $16,097 |
Boise City
- Studio
- $728/mo
- 1 BR
- $907/mo
- 2 BR
- $1,134/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,542/mo
- Median Income
- $60,482/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 Boise City or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,134/mo in Boise City. That's $255/mo or $3,060/year more expensive in Boise City (29% higher).
What is the 2-bedroom rent in Boise City vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Boise City is $1,134/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Boise City and Panama City?
The median household income in Boise City is $60,482/year. In Panama City it is $44,385/year. Boise City has the higher median income.
What is the studio rent in Boise City vs Panama City?
A studio apartment Fair Market Rent in Boise City is $728/mo. In Panama City it is $571/mo.