Medford vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 21% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,065/mo in Medford — saving $2,232/year.
Rent by Unit Size
| Unit Size | Medford | Panama City | Difference |
|---|---|---|---|
| Studio | $704 | $571 | $133 |
| 1 Bedroom | $865 | $706 | $159 |
| 2 Bedrooms | $1,065 | $879 | $186 |
| 3 Bedrooms | $1,318 | $1,032 | $286 |
| 4 Bedrooms | $1,480 | $1,302 | $178 |
| Median Income | $51,417 | $44,385 | $7,032 |
Medford
- Studio
- $704/mo
- 1 BR
- $865/mo
- 2 BR
- $1,065/mo
- 3 BR
- $1,318/mo
- 4 BR
- $1,480/mo
- Median Income
- $51,417/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 Medford or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,065/mo in Medford. That's $186/mo or $2,232/year more expensive in Medford (21% higher).
What is the 2-bedroom rent in Medford vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Medford is $1,065/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Medford and Panama City?
The median household income in Medford is $51,417/year. In Panama City it is $44,385/year. Medford has the higher median income.
What is the studio rent in Medford vs Panama City?
A studio apartment Fair Market Rent in Medford is $704/mo. In Panama City it is $571/mo.