Hilton Head Island-Bluffton vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 42% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,244/mo in Hilton Head Island-Bluffton — saving $4,380/year.
Rent by Unit Size
| Unit Size | Hilton Head Island-Bluffton | Panama City | Difference |
|---|---|---|---|
| Studio | $829 | $571 | $258 |
| 1 Bedroom | $997 | $706 | $291 |
| 2 Bedrooms | $1,244 | $879 | $365 |
| 3 Bedrooms | $1,524 | $1,032 | $492 |
| 4 Bedrooms | $1,773 | $1,302 | $471 |
| Median Income | $67,414 | $44,385 | $23,029 |
Hilton Head Island-Bluffton
- Studio
- $829/mo
- 1 BR
- $997/mo
- 2 BR
- $1,244/mo
- 3 BR
- $1,524/mo
- 4 BR
- $1,773/mo
- Median Income
- $67,414/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 Hilton Head Island-Bluffton or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,244/mo in Hilton Head Island-Bluffton. That's $365/mo or $4,380/year more expensive in Hilton Head Island-Bluffton (42% higher).
What is the 2-bedroom rent in Hilton Head Island-Bluffton vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Hilton Head Island-Bluffton is $1,244/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Hilton Head Island-Bluffton and Panama City?
The median household income in Hilton Head Island-Bluffton is $67,414/year. In Panama City it is $44,385/year. Hilton Head Island-Bluffton has the higher median income.
What is the studio rent in Hilton Head Island-Bluffton vs Panama City?
A studio apartment Fair Market Rent in Hilton Head Island-Bluffton is $829/mo. In Panama City it is $571/mo.