Detroit-Warren-Dearborn vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Detroit-Warren-Dearborn is 3% cheaper for renters. A 2-bedroom rents for $852/mo vs $879/mo in Panama City — saving $324/year.
Rent by Unit Size
| Unit Size | Detroit-Warren-Dearborn | Panama City | Difference |
|---|---|---|---|
| Studio | $560 | $571 | $11 |
| 1 Bedroom | $718 | $706 | $12 |
| 2 Bedrooms | $852 | $879 | $27 |
| 3 Bedrooms | $1,136 | $1,032 | $104 |
| 4 Bedrooms | $1,314 | $1,302 | $12 |
| Median Income | $56,005 | $44,385 | $11,620 |
Detroit-Warren-Dearborn
- Studio
- $560/mo
- 1 BR
- $718/mo
- 2 BR
- $852/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,314/mo
- Median Income
- $56,005/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 Detroit-Warren-Dearborn or Panama City cheaper to rent in?
Detroit-Warren-Dearborn is cheaper — a 2-bedroom Fair Market Rent is $852/mo vs $879/mo in Panama City. That's $27/mo or $324/year more expensive in Panama City (3% higher).
What is the 2-bedroom rent in Detroit-Warren-Dearborn vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Detroit-Warren-Dearborn is $852/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Detroit-Warren-Dearborn and Panama City?
The median household income in Detroit-Warren-Dearborn is $56,005/year. In Panama City it is $44,385/year. Detroit-Warren-Dearborn has the higher median income.
What is the studio rent in Detroit-Warren-Dearborn vs Panama City?
A studio apartment Fair Market Rent in Detroit-Warren-Dearborn is $560/mo. In Panama City it is $571/mo.