Colorado Springs vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 30% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,142/mo in Colorado Springs — saving $3,156/year.
Rent by Unit Size
| Unit Size | Colorado Springs | Panama City | Difference |
|---|---|---|---|
| Studio | $778 | $571 | $207 |
| 1 Bedroom | $959 | $706 | $253 |
| 2 Bedrooms | $1,142 | $879 | $263 |
| 3 Bedrooms | $1,510 | $1,032 | $478 |
| 4 Bedrooms | $1,677 | $1,302 | $375 |
| Median Income | $70,288 | $44,385 | $25,903 |
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/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 Colorado Springs or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,142/mo in Colorado Springs. That's $263/mo or $3,156/year more expensive in Colorado Springs (30% higher).
What is the 2-bedroom rent in Colorado Springs vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Colorado Springs is $1,142/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Colorado Springs and Panama City?
The median household income in Colorado Springs is $70,288/year. In Panama City it is $44,385/year. Colorado Springs has the higher median income.
What is the studio rent in Colorado Springs vs Panama City?
A studio apartment Fair Market Rent in Colorado Springs is $778/mo. In Panama City it is $571/mo.