Lakeland-Winter Haven vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 15% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,013/mo in Lakeland-Winter Haven — saving $1,608/year.
Rent by Unit Size
| Unit Size | Lakeland-Winter Haven | Panama City | Difference |
|---|---|---|---|
| Studio | $664 | $571 | $93 |
| 1 Bedroom | $793 | $706 | $87 |
| 2 Bedrooms | $1,013 | $879 | $134 |
| 3 Bedrooms | $1,178 | $1,032 | $146 |
| 4 Bedrooms | $1,395 | $1,302 | $93 |
| Median Income | $55,009 | $44,385 | $10,624 |
Lakeland-Winter Haven
- Studio
- $664/mo
- 1 BR
- $793/mo
- 2 BR
- $1,013/mo
- 3 BR
- $1,178/mo
- 4 BR
- $1,395/mo
- Median Income
- $55,009/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 Lakeland-Winter Haven or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,013/mo in Lakeland-Winter Haven. That's $134/mo or $1,608/year more expensive in Lakeland-Winter Haven (15% higher).
What is the 2-bedroom rent in Lakeland-Winter Haven vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Lakeland-Winter Haven is $1,013/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Lakeland-Winter Haven and Panama City?
The median household income in Lakeland-Winter Haven is $55,009/year. In Panama City it is $44,385/year. Lakeland-Winter Haven has the higher median income.
What is the studio rent in Lakeland-Winter Haven vs Panama City?
A studio apartment Fair Market Rent in Lakeland-Winter Haven is $664/mo. In Panama City it is $571/mo.