Milwaukee-Waukesha vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 7% cheaper for renters. A 2-bedroom rents for $879/mo vs $941/mo in Milwaukee-Waukesha — saving $744/year.
Rent by Unit Size
| Unit Size | Milwaukee-Waukesha | Panama City | Difference |
|---|---|---|---|
| Studio | $640 | $571 | $69 |
| 1 Bedroom | $760 | $706 | $54 |
| 2 Bedrooms | $941 | $879 | $62 |
| 3 Bedrooms | $1,181 | $1,032 | $149 |
| 4 Bedrooms | $1,384 | $1,302 | $82 |
| Median Income | $63,161 | $44,385 | $18,776 |
Milwaukee-Waukesha
- Studio
- $640/mo
- 1 BR
- $760/mo
- 2 BR
- $941/mo
- 3 BR
- $1,181/mo
- 4 BR
- $1,384/mo
- Median Income
- $63,161/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 Milwaukee-Waukesha or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $941/mo in Milwaukee-Waukesha. That's $62/mo or $744/year more expensive in Milwaukee-Waukesha (7% higher).
What is the 2-bedroom rent in Milwaukee-Waukesha vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Milwaukee-Waukesha is $941/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Milwaukee-Waukesha and Panama City?
The median household income in Milwaukee-Waukesha is $63,161/year. In Panama City it is $44,385/year. Milwaukee-Waukesha has the higher median income.
What is the studio rent in Milwaukee-Waukesha vs Panama City?
A studio apartment Fair Market Rent in Milwaukee-Waukesha is $640/mo. In Panama City it is $571/mo.