Green Bay vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Green Bay is 6% cheaper for renters. A 2-bedroom rents for $831/mo vs $879/mo in Panama City — saving $576/year.
Rent by Unit Size
| Unit Size | Green Bay | Panama City | Difference |
|---|---|---|---|
| Studio | $549 | $571 | $22 |
| 1 Bedroom | $699 | $706 | $7 |
| 2 Bedrooms | $831 | $879 | $48 |
| 3 Bedrooms | $1,091 | $1,032 | $59 |
| 4 Bedrooms | $1,266 | $1,302 | $36 |
| Median Income | $48,811 | $44,385 | $4,426 |
Green Bay
- Studio
- $549/mo
- 1 BR
- $699/mo
- 2 BR
- $831/mo
- 3 BR
- $1,091/mo
- 4 BR
- $1,266/mo
- Median Income
- $48,811/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 Green Bay or Panama City cheaper to rent in?
Green Bay is cheaper — a 2-bedroom Fair Market Rent is $831/mo vs $879/mo in Panama City. That's $48/mo or $576/year more expensive in Panama City (6% higher).
What is the 2-bedroom rent in Green Bay vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Green Bay is $831/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Green Bay and Panama City?
The median household income in Green Bay is $48,811/year. In Panama City it is $44,385/year. Green Bay has the higher median income.
What is the studio rent in Green Bay vs Panama City?
A studio apartment Fair Market Rent in Green Bay is $549/mo. In Panama City it is $571/mo.