Casper vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Casper is 11% cheaper for renters. A 2-bedroom rents for $795/mo vs $879/mo in Panama City — saving $1,008/year.
Rent by Unit Size
| Unit Size | Casper | Panama City | Difference |
|---|---|---|---|
| Studio | $561 | $571 | $10 |
| 1 Bedroom | $666 | $706 | $40 |
| 2 Bedrooms | $795 | $879 | $84 |
| 3 Bedrooms | $1,009 | $1,032 | $23 |
| 4 Bedrooms | $1,224 | $1,302 | $78 |
| Median Income | $43,997 | $44,385 | $388 |
Casper
- Studio
- $561/mo
- 1 BR
- $666/mo
- 2 BR
- $795/mo
- 3 BR
- $1,009/mo
- 4 BR
- $1,224/mo
- Median Income
- $43,997/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 Casper or Panama City cheaper to rent in?
Casper is cheaper — a 2-bedroom Fair Market Rent is $795/mo vs $879/mo in Panama City. That's $84/mo or $1,008/year more expensive in Panama City (11% higher).
What is the 2-bedroom rent in Casper vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Casper is $795/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Casper and Panama City?
The median household income in Casper is $43,997/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Casper vs Panama City?
A studio apartment Fair Market Rent in Casper is $561/mo. In Panama City it is $571/mo.