Charlotte-Concord-Gastonia vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 23% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $2,460/year.
Rent by Unit Size
| Unit Size | Charlotte-Concord-Gastonia | Panama City | Difference |
|---|---|---|---|
| Studio | $724 | $571 | $153 |
| 1 Bedroom | $881 | $706 | $175 |
| 2 Bedrooms | $1,084 | $879 | $205 |
| 3 Bedrooms | $1,328 | $1,032 | $296 |
| 4 Bedrooms | $1,555 | $1,302 | $253 |
| Median Income | $63,227 | $44,385 | $18,842 |
Charlotte-Concord-Gastonia
- Studio
- $724/mo
- 1 BR
- $881/mo
- 2 BR
- $1,084/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,555/mo
- Median Income
- $63,227/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 Charlotte-Concord-Gastonia or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $205/mo or $2,460/year more expensive in Charlotte-Concord-Gastonia (23% higher).
What is the 2-bedroom rent in Charlotte-Concord-Gastonia vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia is $1,084/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Charlotte-Concord-Gastonia and Panama City?
The median household income in Charlotte-Concord-Gastonia is $63,227/year. In Panama City it is $44,385/year. Charlotte-Concord-Gastonia has the higher median income.
What is the studio rent in Charlotte-Concord-Gastonia vs Panama City?
A studio apartment Fair Market Rent in Charlotte-Concord-Gastonia is $724/mo. In Panama City it is $571/mo.