Flagstaff vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 32% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,157/mo in Flagstaff — saving $3,336/year.
Rent by Unit Size
| Unit Size | Flagstaff | Panama City | Difference |
|---|---|---|---|
| Studio | $734 | $571 | $163 |
| 1 Bedroom | $940 | $706 | $234 |
| 2 Bedrooms | $1,157 | $879 | $278 |
| 3 Bedrooms | $1,397 | $1,032 | $365 |
| 4 Bedrooms | $1,577 | $1,302 | $275 |
| Median Income | $64,598 | $44,385 | $20,213 |
Flagstaff
- Studio
- $734/mo
- 1 BR
- $940/mo
- 2 BR
- $1,157/mo
- 3 BR
- $1,397/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,598/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 Flagstaff or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,157/mo in Flagstaff. That's $278/mo or $3,336/year more expensive in Flagstaff (32% higher).
What is the 2-bedroom rent in Flagstaff vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Flagstaff is $1,157/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Flagstaff and Panama City?
The median household income in Flagstaff is $64,598/year. In Panama City it is $44,385/year. Flagstaff has the higher median income.
What is the studio rent in Flagstaff vs Panama City?
A studio apartment Fair Market Rent in Flagstaff is $734/mo. In Panama City it is $571/mo.