Bowling Green vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bowling Green is 19% cheaper for renters. A 2-bedroom rents for $738/mo vs $879/mo in Panama City — saving $1,692/year.
Rent by Unit Size
| Unit Size | Bowling Green | Panama City | Difference |
|---|---|---|---|
| Studio | $494 | $571 | $77 |
| 1 Bedroom | $620 | $706 | $86 |
| 2 Bedrooms | $738 | $879 | $141 |
| 3 Bedrooms | $967 | $1,032 | $65 |
| 4 Bedrooms | $1,084 | $1,302 | $218 |
| Median Income | $41,735 | $44,385 | $2,650 |
Bowling Green
- Studio
- $494/mo
- 1 BR
- $620/mo
- 2 BR
- $738/mo
- 3 BR
- $967/mo
- 4 BR
- $1,084/mo
- Median Income
- $41,735/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 Bowling Green or Panama City cheaper to rent in?
Bowling Green is cheaper — a 2-bedroom Fair Market Rent is $738/mo vs $879/mo in Panama City. That's $141/mo or $1,692/year more expensive in Panama City (19% higher).
What is the 2-bedroom rent in Bowling Green vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Bowling Green is $738/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Bowling Green and Panama City?
The median household income in Bowling Green is $41,735/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Bowling Green vs Panama City?
A studio apartment Fair Market Rent in Bowling Green is $494/mo. In Panama City it is $571/mo.