El Paso vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
El Paso is 1% cheaper for renters. A 2-bedroom rents for $868/mo vs $879/mo in Panama City — saving $132/year.
Rent by Unit Size
| Unit Size | El Paso | Panama City | Difference |
|---|---|---|---|
| Studio | $557 | $571 | $14 |
| 1 Bedroom | $685 | $706 | $21 |
| 2 Bedrooms | $868 | $879 | $11 |
| 3 Bedrooms | $1,052 | $1,032 | $20 |
| 4 Bedrooms | $1,194 | $1,302 | $108 |
| Median Income | $45,964 | $44,385 | $1,579 |
El Paso
- Studio
- $557/mo
- 1 BR
- $685/mo
- 2 BR
- $868/mo
- 3 BR
- $1,052/mo
- 4 BR
- $1,194/mo
- Median Income
- $45,964/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 Paso or Panama City cheaper to rent in?
El Paso is cheaper — a 2-bedroom Fair Market Rent is $868/mo vs $879/mo in Panama City. That's $11/mo or $132/year more expensive in Panama City (1% higher).
What is the 2-bedroom rent in El Paso vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in El Paso is $868/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between El Paso and Panama City?
The median household income in El Paso is $45,964/year. In Panama City it is $44,385/year. El Paso has the higher median income.
What is the studio rent in El Paso vs Panama City?
A studio apartment Fair Market Rent in El Paso is $557/mo. In Panama City it is $571/mo.