Cincinnati vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 5% cheaper for renters. A 2-bedroom rents for $879/mo vs $924/mo in Cincinnati — saving $540/year.
Rent by Unit Size
| Unit Size | Cincinnati | Panama City | Difference |
|---|---|---|---|
| Studio | $616 | $571 | $45 |
| 1 Bedroom | $741 | $706 | $35 |
| 2 Bedrooms | $924 | $879 | $45 |
| 3 Bedrooms | $1,099 | $1,032 | $67 |
| 4 Bedrooms | $1,252 | $1,302 | $50 |
| Median Income | $47,367 | $44,385 | $2,982 |
Cincinnati
- Studio
- $616/mo
- 1 BR
- $741/mo
- 2 BR
- $924/mo
- 3 BR
- $1,099/mo
- 4 BR
- $1,252/mo
- Median Income
- $47,367/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 Cincinnati or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $924/mo in Cincinnati. That's $45/mo or $540/year more expensive in Cincinnati (5% higher).
What is the 2-bedroom rent in Cincinnati vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Cincinnati is $924/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Cincinnati and Panama City?
The median household income in Cincinnati is $47,367/year. In Panama City it is $44,385/year. Cincinnati has the higher median income.
What is the studio rent in Cincinnati vs Panama City?
A studio apartment Fair Market Rent in Cincinnati is $616/mo. In Panama City it is $571/mo.