Madera vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 9% cheaper for renters. A 2-bedroom rents for $879/mo vs $960/mo in Madera — saving $972/year.
Rent by Unit Size
| Unit Size | Madera | Panama City | Difference |
|---|---|---|---|
| Studio | $646 | $571 | $75 |
| 1 Bedroom | $763 | $706 | $57 |
| 2 Bedrooms | $960 | $879 | $81 |
| 3 Bedrooms | $1,195 | $1,032 | $163 |
| 4 Bedrooms | $1,347 | $1,302 | $45 |
| Median Income | $57,586 | $44,385 | $13,201 |
Madera
- Studio
- $646/mo
- 1 BR
- $763/mo
- 2 BR
- $960/mo
- 3 BR
- $1,195/mo
- 4 BR
- $1,347/mo
- Median Income
- $57,586/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 Madera or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $960/mo in Madera. That's $81/mo or $972/year more expensive in Madera (9% higher).
What is the 2-bedroom rent in Madera vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Madera is $960/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Madera and Panama City?
The median household income in Madera is $57,586/year. In Panama City it is $44,385/year. Madera has the higher median income.
What is the studio rent in Madera vs Panama City?
A studio apartment Fair Market Rent in Madera is $646/mo. In Panama City it is $571/mo.