Cape Coral-Fort Myers vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 33% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,171/mo in Cape Coral-Fort Myers — saving $3,504/year.
Rent by Unit Size
| Unit Size | Cape Coral-Fort Myers | Panama City | Difference |
|---|---|---|---|
| Studio | $802 | $571 | $231 |
| 1 Bedroom | $985 | $706 | $279 |
| 2 Bedrooms | $1,171 | $879 | $292 |
| 3 Bedrooms | $1,479 | $1,032 | $447 |
| 4 Bedrooms | $1,690 | $1,302 | $388 |
| Median Income | $72,521 | $44,385 | $28,136 |
Cape Coral-Fort Myers
- Studio
- $802/mo
- 1 BR
- $985/mo
- 2 BR
- $1,171/mo
- 3 BR
- $1,479/mo
- 4 BR
- $1,690/mo
- Median Income
- $72,521/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 Cape Coral-Fort Myers or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $292/mo or $3,504/year more expensive in Cape Coral-Fort Myers (33% higher).
What is the 2-bedroom rent in Cape Coral-Fort Myers vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers is $1,171/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Cape Coral-Fort Myers and Panama City?
The median household income in Cape Coral-Fort Myers is $72,521/year. In Panama City it is $44,385/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Cape Coral-Fort Myers vs Panama City?
A studio apartment Fair Market Rent in Cape Coral-Fort Myers is $802/mo. In Panama City it is $571/mo.