Harrisonburg vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Harrisonburg is 2% cheaper for renters. A 2-bedroom rents for $860/mo vs $879/mo in Panama City — saving $228/year.
Rent by Unit Size
| Unit Size | Harrisonburg | Panama City | Difference |
|---|---|---|---|
| Studio | $584 | $571 | $13 |
| 1 Bedroom | $692 | $706 | $14 |
| 2 Bedrooms | $860 | $879 | $19 |
| 3 Bedrooms | $1,085 | $1,032 | $53 |
| 4 Bedrooms | $1,212 | $1,302 | $90 |
| Median Income | $42,547 | $44,385 | $1,838 |
Harrisonburg
- Studio
- $584/mo
- 1 BR
- $692/mo
- 2 BR
- $860/mo
- 3 BR
- $1,085/mo
- 4 BR
- $1,212/mo
- Median Income
- $42,547/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 Harrisonburg or Panama City cheaper to rent in?
Harrisonburg is cheaper — a 2-bedroom Fair Market Rent is $860/mo vs $879/mo in Panama City. That's $19/mo or $228/year more expensive in Panama City (2% higher).
What is the 2-bedroom rent in Harrisonburg vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Harrisonburg is $860/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Harrisonburg and Panama City?
The median household income in Harrisonburg is $42,547/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Harrisonburg vs Panama City?
A studio apartment Fair Market Rent in Harrisonburg is $584/mo. In Panama City it is $571/mo.