Idaho Falls vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 2% cheaper for renters. A 2-bedroom rents for $879/mo vs $897/mo in Idaho Falls — saving $216/year.
Rent by Unit Size
| Unit Size | Idaho Falls | Panama City | Difference |
|---|---|---|---|
| Studio | $583 | $571 | $12 |
| 1 Bedroom | $710 | $706 | $4 |
| 2 Bedrooms | $897 | $879 | $18 |
| 3 Bedrooms | $1,089 | $1,032 | $57 |
| 4 Bedrooms | $1,288 | $1,302 | $14 |
| Median Income | $42,238 | $44,385 | $2,147 |
Idaho Falls
- Studio
- $583/mo
- 1 BR
- $710/mo
- 2 BR
- $897/mo
- 3 BR
- $1,089/mo
- 4 BR
- $1,288/mo
- Median Income
- $42,238/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 Idaho Falls or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $897/mo in Idaho Falls. That's $18/mo or $216/year more expensive in Idaho Falls (2% higher).
What is the 2-bedroom rent in Idaho Falls vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Idaho Falls is $897/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Idaho Falls and Panama City?
The median household income in Idaho Falls is $42,238/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Idaho Falls vs Panama City?
A studio apartment Fair Market Rent in Idaho Falls is $583/mo. In Panama City it is $571/mo.