Dothan vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Dothan is 36% cheaper for renters. A 2-bedroom rents for $647/mo vs $879/mo in Panama City — saving $2,784/year.
Rent by Unit Size
| Unit Size | Dothan | Panama City | Difference |
|---|---|---|---|
| Studio | $422 | $571 | $149 |
| 1 Bedroom | $540 | $706 | $166 |
| 2 Bedrooms | $647 | $879 | $232 |
| 3 Bedrooms | $786 | $1,032 | $246 |
| 4 Bedrooms | $991 | $1,302 | $311 |
| Median Income | $39,179 | $44,385 | $5,206 |
Dothan
- Studio
- $422/mo
- 1 BR
- $540/mo
- 2 BR
- $647/mo
- 3 BR
- $786/mo
- 4 BR
- $991/mo
- Median Income
- $39,179/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 Dothan or Panama City cheaper to rent in?
Dothan is cheaper — a 2-bedroom Fair Market Rent is $647/mo vs $879/mo in Panama City. That's $232/mo or $2,784/year more expensive in Panama City (36% higher).
What is the 2-bedroom rent in Dothan vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Dothan is $647/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Dothan and Panama City?
The median household income in Dothan is $39,179/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Dothan vs Panama City?
A studio apartment Fair Market Rent in Dothan is $422/mo. In Panama City it is $571/mo.