Fargo vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 4% cheaper for renters. A 2-bedroom rents for $879/mo vs $913/mo in Fargo — saving $408/year.
Rent by Unit Size
| Unit Size | Fargo | Panama City | Difference |
|---|---|---|---|
| Studio | $577 | $571 | $6 |
| 1 Bedroom | $717 | $706 | $11 |
| 2 Bedrooms | $913 | $879 | $34 |
| 3 Bedrooms | $1,145 | $1,032 | $113 |
| 4 Bedrooms | $1,249 | $1,302 | $53 |
| Median Income | $45,978 | $44,385 | $1,593 |
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/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 Fargo or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $913/mo in Fargo. That's $34/mo or $408/year more expensive in Fargo (4% higher).
What is the 2-bedroom rent in Fargo vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Fargo and Panama City?
The median household income in Fargo is $45,978/year. In Panama City it is $44,385/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Panama City?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Panama City it is $571/mo.