Buffalo-Cheektowaga vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 3% cheaper for renters. A 2-bedroom rents for $879/mo vs $907/mo in Buffalo-Cheektowaga — saving $336/year.
Rent by Unit Size
| Unit Size | Buffalo-Cheektowaga | Panama City | Difference |
|---|---|---|---|
| Studio | $588 | $571 | $17 |
| 1 Bedroom | $711 | $706 | $5 |
| 2 Bedrooms | $907 | $879 | $28 |
| 3 Bedrooms | $1,073 | $1,032 | $41 |
| 4 Bedrooms | $1,274 | $1,302 | $28 |
| Median Income | $48,222 | $44,385 | $3,837 |
Buffalo-Cheektowaga
- Studio
- $588/mo
- 1 BR
- $711/mo
- 2 BR
- $907/mo
- 3 BR
- $1,073/mo
- 4 BR
- $1,274/mo
- Median Income
- $48,222/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 Buffalo-Cheektowaga or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $907/mo in Buffalo-Cheektowaga. That's $28/mo or $336/year more expensive in Buffalo-Cheektowaga (3% higher).
What is the 2-bedroom rent in Buffalo-Cheektowaga vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Buffalo-Cheektowaga is $907/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Buffalo-Cheektowaga and Panama City?
The median household income in Buffalo-Cheektowaga is $48,222/year. In Panama City it is $44,385/year. Buffalo-Cheektowaga has the higher median income.
What is the studio rent in Buffalo-Cheektowaga vs Panama City?
A studio apartment Fair Market Rent in Buffalo-Cheektowaga is $588/mo. In Panama City it is $571/mo.