El Centro vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
El Centro is 5% cheaper for renters. A 2-bedroom rents for $834/mo vs $879/mo in Panama City — saving $540/year.
Rent by Unit Size
| Unit Size | El Centro | Panama City | Difference |
|---|---|---|---|
| Studio | $556 | $571 | $15 |
| 1 Bedroom | $706 | $706 | $0 |
| 2 Bedrooms | $834 | $879 | $45 |
| 3 Bedrooms | $1,056 | $1,032 | $24 |
| 4 Bedrooms | $1,186 | $1,302 | $116 |
| Median Income | $50,743 | $44,385 | $6,358 |
El Centro
- Studio
- $556/mo
- 1 BR
- $706/mo
- 2 BR
- $834/mo
- 3 BR
- $1,056/mo
- 4 BR
- $1,186/mo
- Median Income
- $50,743/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 El Centro or Panama City cheaper to rent in?
El Centro is cheaper — a 2-bedroom Fair Market Rent is $834/mo vs $879/mo in Panama City. That's $45/mo or $540/year more expensive in Panama City (5% higher).
What is the 2-bedroom rent in El Centro vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in El Centro is $834/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between El Centro and Panama City?
The median household income in El Centro is $50,743/year. In Panama City it is $44,385/year. El Centro has the higher median income.
What is the studio rent in El Centro vs Panama City?
A studio apartment Fair Market Rent in El Centro is $556/mo. In Panama City it is $571/mo.