Erie vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Erie is 32% cheaper for renters. A 2-bedroom rents for $668/mo vs $879/mo in Panama City — saving $2,532/year.
Rent by Unit Size
| Unit Size | Erie | Panama City | Difference |
|---|---|---|---|
| Studio | $457 | $571 | $114 |
| 1 Bedroom | $553 | $706 | $153 |
| 2 Bedrooms | $668 | $879 | $211 |
| 3 Bedrooms | $861 | $1,032 | $171 |
| 4 Bedrooms | $985 | $1,302 | $317 |
| Median Income | $45,773 | $44,385 | $1,388 |
Erie
- Studio
- $457/mo
- 1 BR
- $553/mo
- 2 BR
- $668/mo
- 3 BR
- $861/mo
- 4 BR
- $985/mo
- Median Income
- $45,773/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 Erie or Panama City cheaper to rent in?
Erie is cheaper — a 2-bedroom Fair Market Rent is $668/mo vs $879/mo in Panama City. That's $211/mo or $2,532/year more expensive in Panama City (32% higher).
What is the 2-bedroom rent in Erie vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Erie is $668/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Erie and Panama City?
The median household income in Erie is $45,773/year. In Panama City it is $44,385/year. Erie has the higher median income.
What is the studio rent in Erie vs Panama City?
A studio apartment Fair Market Rent in Erie is $457/mo. In Panama City it is $571/mo.