Great Falls vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 11% cheaper for renters. A 2-bedroom rents for $791/mo vs $879/mo in Panama City — saving $1,056/year.
Rent by Unit Size
| Unit Size | Great Falls | Panama City | Difference |
|---|---|---|---|
| Studio | $519 | $571 | $52 |
| 1 Bedroom | $625 | $706 | $81 |
| 2 Bedrooms | $791 | $879 | $88 |
| 3 Bedrooms | $997 | $1,032 | $35 |
| 4 Bedrooms | $1,047 | $1,302 | $255 |
| Median Income | $41,522 | $44,385 | $2,863 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/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 Great Falls or Panama City cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $879/mo in Panama City. That's $88/mo or $1,056/year more expensive in Panama City (11% higher).
What is the 2-bedroom rent in Great Falls vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Great Falls and Panama City?
The median household income in Great Falls is $41,522/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Great Falls vs Panama City?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Panama City it is $571/mo.