Lynchburg vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lynchburg is 22% cheaper for renters. A 2-bedroom rents for $721/mo vs $879/mo in Panama City — saving $1,896/year.
Rent by Unit Size
| Unit Size | Lynchburg | Panama City | Difference |
|---|---|---|---|
| Studio | $494 | $571 | $77 |
| 1 Bedroom | $589 | $706 | $117 |
| 2 Bedrooms | $721 | $879 | $158 |
| 3 Bedrooms | $933 | $1,032 | $99 |
| 4 Bedrooms | $1,024 | $1,302 | $278 |
| Median Income | $37,857 | $44,385 | $6,528 |
Lynchburg
- Studio
- $494/mo
- 1 BR
- $589/mo
- 2 BR
- $721/mo
- 3 BR
- $933/mo
- 4 BR
- $1,024/mo
- Median Income
- $37,857/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 Lynchburg or Panama City cheaper to rent in?
Lynchburg is cheaper — a 2-bedroom Fair Market Rent is $721/mo vs $879/mo in Panama City. That's $158/mo or $1,896/year more expensive in Panama City (22% higher).
What is the 2-bedroom rent in Lynchburg vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Lynchburg is $721/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Lynchburg and Panama City?
The median household income in Lynchburg is $37,857/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Lynchburg vs Panama City?
A studio apartment Fair Market Rent in Lynchburg is $494/mo. In Panama City it is $571/mo.