Fort Wayne vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fort Wayne is 13% cheaper for renters. A 2-bedroom rents for $777/mo vs $879/mo in Panama City — saving $1,224/year.
Rent by Unit Size
| Unit Size | Fort Wayne | Panama City | Difference |
|---|---|---|---|
| Studio | $499 | $571 | $72 |
| 1 Bedroom | $639 | $706 | $67 |
| 2 Bedrooms | $777 | $879 | $102 |
| 3 Bedrooms | $969 | $1,032 | $63 |
| 4 Bedrooms | $1,175 | $1,302 | $127 |
| Median Income | $47,806 | $44,385 | $3,421 |
Fort Wayne
- Studio
- $499/mo
- 1 BR
- $639/mo
- 2 BR
- $777/mo
- 3 BR
- $969/mo
- 4 BR
- $1,175/mo
- Median Income
- $47,806/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 Fort Wayne or Panama City cheaper to rent in?
Fort Wayne is cheaper — a 2-bedroom Fair Market Rent is $777/mo vs $879/mo in Panama City. That's $102/mo or $1,224/year more expensive in Panama City (13% higher).
What is the 2-bedroom rent in Fort Wayne vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Fort Wayne is $777/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Fort Wayne and Panama City?
The median household income in Fort Wayne is $47,806/year. In Panama City it is $44,385/year. Fort Wayne has the higher median income.
What is the studio rent in Fort Wayne vs Panama City?
A studio apartment Fair Market Rent in Fort Wayne is $499/mo. In Panama City it is $571/mo.