Gulfport-Biloxi vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Gulfport-Biloxi is 12% cheaper for renters. A 2-bedroom rents for $787/mo vs $879/mo in Panama City — saving $1,104/year.
Rent by Unit Size
| Unit Size | Gulfport-Biloxi | Panama City | Difference |
|---|---|---|---|
| Studio | $521 | $571 | $50 |
| 1 Bedroom | $640 | $706 | $66 |
| 2 Bedrooms | $787 | $879 | $92 |
| 3 Bedrooms | $1,016 | $1,032 | $16 |
| 4 Bedrooms | $1,122 | $1,302 | $180 |
| Median Income | $47,102 | $44,385 | $2,717 |
Gulfport-Biloxi
- Studio
- $521/mo
- 1 BR
- $640/mo
- 2 BR
- $787/mo
- 3 BR
- $1,016/mo
- 4 BR
- $1,122/mo
- Median Income
- $47,102/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 Gulfport-Biloxi or Panama City cheaper to rent in?
Gulfport-Biloxi is cheaper — a 2-bedroom Fair Market Rent is $787/mo vs $879/mo in Panama City. That's $92/mo or $1,104/year more expensive in Panama City (12% higher).
What is the 2-bedroom rent in Gulfport-Biloxi vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Gulfport-Biloxi is $787/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Gulfport-Biloxi and Panama City?
The median household income in Gulfport-Biloxi is $47,102/year. In Panama City it is $44,385/year. Gulfport-Biloxi has the higher median income.
What is the studio rent in Gulfport-Biloxi vs Panama City?
A studio apartment Fair Market Rent in Gulfport-Biloxi is $521/mo. In Panama City it is $571/mo.