Gainesville vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 15% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,011/mo in Gainesville — saving $1,584/year.
Rent by Unit Size
| Unit Size | Gainesville | Panama City | Difference |
|---|---|---|---|
| Studio | $680 | $571 | $109 |
| 1 Bedroom | $802 | $706 | $96 |
| 2 Bedrooms | $1,011 | $879 | $132 |
| 3 Bedrooms | $1,236 | $1,032 | $204 |
| 4 Bedrooms | $1,426 | $1,302 | $124 |
| Median Income | $47,354 | $44,385 | $2,969 |
Gainesville
- Studio
- $680/mo
- 1 BR
- $802/mo
- 2 BR
- $1,011/mo
- 3 BR
- $1,236/mo
- 4 BR
- $1,426/mo
- Median Income
- $47,354/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 Gainesville or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,011/mo in Gainesville. That's $132/mo or $1,584/year more expensive in Gainesville (15% higher).
What is the 2-bedroom rent in Gainesville vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Gainesville is $1,011/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Gainesville and Panama City?
The median household income in Gainesville is $47,354/year. In Panama City it is $44,385/year. Gainesville has the higher median income.
What is the studio rent in Gainesville vs Panama City?
A studio apartment Fair Market Rent in Gainesville is $680/mo. In Panama City it is $571/mo.