Chico vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 20% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,059/mo in Chico — saving $2,160/year.
Rent by Unit Size
| Unit Size | Chico | Panama City | Difference |
|---|---|---|---|
| Studio | $698 | $571 | $127 |
| 1 Bedroom | $859 | $706 | $153 |
| 2 Bedrooms | $1,059 | $879 | $180 |
| 3 Bedrooms | $1,354 | $1,032 | $322 |
| 4 Bedrooms | $1,491 | $1,302 | $189 |
| Median Income | $66,884 | $44,385 | $22,499 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/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 Chico or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,059/mo in Chico. That's $180/mo or $2,160/year more expensive in Chico (20% higher).
What is the 2-bedroom rent in Chico vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Chico and Panama City?
The median household income in Chico is $66,884/year. In Panama City it is $44,385/year. Chico has the higher median income.
What is the studio rent in Chico vs Panama City?
A studio apartment Fair Market Rent in Chico is $698/mo. In Panama City it is $571/mo.