Charleston-North Charleston vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 32% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,159/mo in Charleston-North Charleston — saving $3,360/year.
Rent by Unit Size
| Unit Size | Charleston-North Charleston | Panama City | Difference |
|---|---|---|---|
| Studio | $766 | $571 | $195 |
| 1 Bedroom | $923 | $706 | $217 |
| 2 Bedrooms | $1,159 | $879 | $280 |
| 3 Bedrooms | $1,459 | $1,032 | $427 |
| 4 Bedrooms | $1,529 | $1,302 | $227 |
| Median Income | $57,454 | $44,385 | $13,069 |
Charleston-North Charleston
- Studio
- $766/mo
- 1 BR
- $923/mo
- 2 BR
- $1,159/mo
- 3 BR
- $1,459/mo
- 4 BR
- $1,529/mo
- Median Income
- $57,454/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 Charleston-North Charleston or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,159/mo in Charleston-North Charleston. That's $280/mo or $3,360/year more expensive in Charleston-North Charleston (32% higher).
What is the 2-bedroom rent in Charleston-North Charleston vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Charleston-North Charleston is $1,159/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Charleston-North Charleston and Panama City?
The median household income in Charleston-North Charleston is $57,454/year. In Panama City it is $44,385/year. Charleston-North Charleston has the higher median income.
What is the studio rent in Charleston-North Charleston vs Panama City?
A studio apartment Fair Market Rent in Charleston-North Charleston is $766/mo. In Panama City it is $571/mo.