Honolulu vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 120% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,937/mo in Honolulu — saving $12,696/year.
Rent by Unit Size
| Unit Size | Honolulu | Panama City | Difference |
|---|---|---|---|
| Studio | $1,256 | $571 | $685 |
| 1 Bedroom | $1,543 | $706 | $837 |
| 2 Bedrooms | $1,937 | $879 | $1,058 |
| 3 Bedrooms | $2,397 | $1,032 | $1,365 |
| 4 Bedrooms | $2,745 | $1,302 | $1,443 |
| Median Income | $116,677 | $44,385 | $72,292 |
Honolulu
- Studio
- $1,256/mo
- 1 BR
- $1,543/mo
- 2 BR
- $1,937/mo
- 3 BR
- $2,397/mo
- 4 BR
- $2,745/mo
- Median Income
- $116,677/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 Honolulu or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,937/mo in Honolulu. That's $1,058/mo or $12,696/year more expensive in Honolulu (120% higher).
What is the 2-bedroom rent in Honolulu vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Honolulu is $1,937/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Honolulu and Panama City?
The median household income in Honolulu is $116,677/year. In Panama City it is $44,385/year. Honolulu has the higher median income.
What is the studio rent in Honolulu vs Panama City?
A studio apartment Fair Market Rent in Honolulu is $1,256/mo. In Panama City it is $571/mo.