Charlottesville vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 22% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,075/mo in Charlottesville — saving $2,352/year.
Rent by Unit Size
| Unit Size | Charlottesville | Panama City | Difference |
|---|---|---|---|
| Studio | $700 | $571 | $129 |
| 1 Bedroom | $878 | $706 | $172 |
| 2 Bedrooms | $1,075 | $879 | $196 |
| 3 Bedrooms | $1,404 | $1,032 | $372 |
| 4 Bedrooms | $1,498 | $1,302 | $196 |
| Median Income | $70,871 | $44,385 | $26,486 |
Charlottesville
- Studio
- $700/mo
- 1 BR
- $878/mo
- 2 BR
- $1,075/mo
- 3 BR
- $1,404/mo
- 4 BR
- $1,498/mo
- Median Income
- $70,871/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 Charlottesville or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,075/mo in Charlottesville. That's $196/mo or $2,352/year more expensive in Charlottesville (22% higher).
What is the 2-bedroom rent in Charlottesville vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Charlottesville is $1,075/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Charlottesville and Panama City?
The median household income in Charlottesville is $70,871/year. In Panama City it is $44,385/year. Charlottesville has the higher median income.
What is the studio rent in Charlottesville vs Panama City?
A studio apartment Fair Market Rent in Charlottesville is $700/mo. In Panama City it is $571/mo.