Las Cruces vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Las Cruces is 9% cheaper for renters. A 2-bedroom rents for $806/mo vs $879/mo in Panama City — saving $876/year.
Rent by Unit Size
| Unit Size | Las Cruces | Panama City | Difference |
|---|---|---|---|
| Studio | $537 | $571 | $34 |
| 1 Bedroom | $638 | $706 | $68 |
| 2 Bedrooms | $806 | $879 | $73 |
| 3 Bedrooms | $949 | $1,032 | $83 |
| 4 Bedrooms | $1,133 | $1,302 | $169 |
| Median Income | $43,858 | $44,385 | $527 |
Las Cruces
- Studio
- $537/mo
- 1 BR
- $638/mo
- 2 BR
- $806/mo
- 3 BR
- $949/mo
- 4 BR
- $1,133/mo
- Median Income
- $43,858/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 Las Cruces or Panama City cheaper to rent in?
Las Cruces is cheaper — a 2-bedroom Fair Market Rent is $806/mo vs $879/mo in Panama City. That's $73/mo or $876/year more expensive in Panama City (9% higher).
What is the 2-bedroom rent in Las Cruces vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Las Cruces is $806/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Las Cruces and Panama City?
The median household income in Las Cruces is $43,858/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Las Cruces vs Panama City?
A studio apartment Fair Market Rent in Las Cruces is $537/mo. In Panama City it is $571/mo.