Duluth vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Duluth is 4% cheaper for renters. A 2-bedroom rents for $849/mo vs $879/mo in Panama City — saving $360/year.
Rent by Unit Size
| Unit Size | Duluth | Panama City | Difference |
|---|---|---|---|
| Studio | $550 | $571 | $21 |
| 1 Bedroom | $693 | $706 | $13 |
| 2 Bedrooms | $849 | $879 | $30 |
| 3 Bedrooms | $1,028 | $1,032 | $4 |
| 4 Bedrooms | $1,190 | $1,302 | $112 |
| Median Income | $47,330 | $44,385 | $2,945 |
Duluth
- Studio
- $550/mo
- 1 BR
- $693/mo
- 2 BR
- $849/mo
- 3 BR
- $1,028/mo
- 4 BR
- $1,190/mo
- Median Income
- $47,330/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 Duluth or Panama City cheaper to rent in?
Duluth is cheaper — a 2-bedroom Fair Market Rent is $849/mo vs $879/mo in Panama City. That's $30/mo or $360/year more expensive in Panama City (4% higher).
What is the 2-bedroom rent in Duluth vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Duluth is $849/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Duluth and Panama City?
The median household income in Duluth is $47,330/year. In Panama City it is $44,385/year. Duluth has the higher median income.
What is the studio rent in Duluth vs Panama City?
A studio apartment Fair Market Rent in Duluth is $550/mo. In Panama City it is $571/mo.