Jacksonville vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 23% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,082/mo in Jacksonville — saving $2,436/year.
Rent by Unit Size
| Unit Size | Jacksonville | Panama City | Difference |
|---|---|---|---|
| Studio | $693 | $571 | $122 |
| 1 Bedroom | $862 | $706 | $156 |
| 2 Bedrooms | $1,082 | $879 | $203 |
| 3 Bedrooms | $1,360 | $1,032 | $328 |
| 4 Bedrooms | $1,586 | $1,302 | $284 |
| Median Income | $66,591 | $44,385 | $22,206 |
Jacksonville
- Studio
- $693/mo
- 1 BR
- $862/mo
- 2 BR
- $1,082/mo
- 3 BR
- $1,360/mo
- 4 BR
- $1,586/mo
- Median Income
- $66,591/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 Jacksonville or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,082/mo in Jacksonville. That's $203/mo or $2,436/year more expensive in Jacksonville (23% higher).
What is the 2-bedroom rent in Jacksonville vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Jacksonville is $1,082/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Jacksonville and Panama City?
The median household income in Jacksonville is $66,591/year. In Panama City it is $44,385/year. Jacksonville has the higher median income.
What is the studio rent in Jacksonville vs Panama City?
A studio apartment Fair Market Rent in Jacksonville is $693/mo. In Panama City it is $571/mo.