Lexington-Fayette vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 4% cheaper for renters. A 2-bedroom rents for $879/mo vs $913/mo in Lexington-Fayette — saving $408/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Panama City | Difference |
|---|---|---|---|
| Studio | $595 | $571 | $24 |
| 1 Bedroom | $719 | $706 | $13 |
| 2 Bedrooms | $913 | $879 | $34 |
| 3 Bedrooms | $1,047 | $1,032 | $15 |
| 4 Bedrooms | $1,300 | $1,302 | $2 |
| Median Income | $47,838 | $44,385 | $3,453 |
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/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 Lexington-Fayette or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $913/mo in Lexington-Fayette. That's $34/mo or $408/year more expensive in Lexington-Fayette (4% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Lexington-Fayette and Panama City?
The median household income in Lexington-Fayette is $47,838/year. In Panama City it is $44,385/year. Lexington-Fayette has the higher median income.
What is the studio rent in Lexington-Fayette vs Panama City?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Panama City it is $571/mo.