Durham-Chapel Hill vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 25% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,098/mo in Durham-Chapel Hill — saving $2,628/year.
Rent by Unit Size
| Unit Size | Durham-Chapel Hill | Panama City | Difference |
|---|---|---|---|
| Studio | $730 | $571 | $159 |
| 1 Bedroom | $882 | $706 | $176 |
| 2 Bedrooms | $1,098 | $879 | $219 |
| 3 Bedrooms | $1,391 | $1,032 | $359 |
| 4 Bedrooms | $1,605 | $1,302 | $303 |
| Median Income | $69,791 | $44,385 | $25,406 |
Durham-Chapel Hill
- Studio
- $730/mo
- 1 BR
- $882/mo
- 2 BR
- $1,098/mo
- 3 BR
- $1,391/mo
- 4 BR
- $1,605/mo
- Median Income
- $69,791/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 Durham-Chapel Hill or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,098/mo in Durham-Chapel Hill. That's $219/mo or $2,628/year more expensive in Durham-Chapel Hill (25% higher).
What is the 2-bedroom rent in Durham-Chapel Hill vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Durham-Chapel Hill is $1,098/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Durham-Chapel Hill and Panama City?
The median household income in Durham-Chapel Hill is $69,791/year. In Panama City it is $44,385/year. Durham-Chapel Hill has the higher median income.
What is the studio rent in Durham-Chapel Hill vs Panama City?
A studio apartment Fair Market Rent in Durham-Chapel Hill is $730/mo. In Panama City it is $571/mo.