Huntsville vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Huntsville is 1% cheaper for renters. A 2-bedroom rents for $872/mo vs $879/mo in Panama City — saving $84/year.
Rent by Unit Size
| Unit Size | Huntsville | Panama City | Difference |
|---|---|---|---|
| Studio | $608 | $571 | $37 |
| 1 Bedroom | $722 | $706 | $16 |
| 2 Bedrooms | $872 | $879 | $7 |
| 3 Bedrooms | $1,133 | $1,032 | $101 |
| 4 Bedrooms | $1,278 | $1,302 | $24 |
| Median Income | $48,740 | $44,385 | $4,355 |
Huntsville
- Studio
- $608/mo
- 1 BR
- $722/mo
- 2 BR
- $872/mo
- 3 BR
- $1,133/mo
- 4 BR
- $1,278/mo
- Median Income
- $48,740/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 Huntsville or Panama City cheaper to rent in?
Huntsville is cheaper — a 2-bedroom Fair Market Rent is $872/mo vs $879/mo in Panama City. That's $7/mo or $84/year more expensive in Panama City (1% higher).
What is the 2-bedroom rent in Huntsville vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Huntsville is $872/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Huntsville and Panama City?
The median household income in Huntsville is $48,740/year. In Panama City it is $44,385/year. Huntsville has the higher median income.
What is the studio rent in Huntsville vs Panama City?
A studio apartment Fair Market Rent in Huntsville is $608/mo. In Panama City it is $571/mo.