Chattanooga vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Chattanooga is 7% cheaper for renters. A 2-bedroom rents for $820/mo vs $879/mo in Panama City — saving $708/year.
Rent by Unit Size
| Unit Size | Chattanooga | Panama City | Difference |
|---|---|---|---|
| Studio | $557 | $571 | $14 |
| 1 Bedroom | $669 | $706 | $37 |
| 2 Bedrooms | $820 | $879 | $59 |
| 3 Bedrooms | $1,035 | $1,032 | $3 |
| 4 Bedrooms | $1,226 | $1,302 | $76 |
| Median Income | $44,498 | $44,385 | $113 |
Chattanooga
- Studio
- $557/mo
- 1 BR
- $669/mo
- 2 BR
- $820/mo
- 3 BR
- $1,035/mo
- 4 BR
- $1,226/mo
- Median Income
- $44,498/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 Chattanooga or Panama City cheaper to rent in?
Chattanooga is cheaper — a 2-bedroom Fair Market Rent is $820/mo vs $879/mo in Panama City. That's $59/mo or $708/year more expensive in Panama City (7% higher).
What is the 2-bedroom rent in Chattanooga vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Chattanooga is $820/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Chattanooga and Panama City?
The median household income in Chattanooga is $44,498/year. In Panama City it is $44,385/year. Chattanooga has the higher median income.
What is the studio rent in Chattanooga vs Panama City?
A studio apartment Fair Market Rent in Chattanooga is $557/mo. In Panama City it is $571/mo.