Minneapolis-St. Paul-Bloomington vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 24% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $2,544/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | Panama City | Difference |
|---|---|---|---|
| Studio | $731 | $571 | $160 |
| 1 Bedroom | $917 | $706 | $211 |
| 2 Bedrooms | $1,091 | $879 | $212 |
| 3 Bedrooms | $1,436 | $1,032 | $404 |
| 4 Bedrooms | $1,675 | $1,302 | $373 |
| Median Income | $69,491 | $44,385 | $25,106 |
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/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 Minneapolis-St. Paul-Bloomington or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $212/mo or $2,544/year more expensive in Minneapolis-St. Paul-Bloomington (24% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and Panama City?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In Panama City it is $44,385/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs Panama City?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In Panama City it is $571/mo.