Missoula vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 23% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,081/mo in Missoula — saving $2,424/year.
Rent by Unit Size
| Unit Size | Missoula | Panama City | Difference |
|---|---|---|---|
| Studio | $762 | $571 | $191 |
| 1 Bedroom | $909 | $706 | $203 |
| 2 Bedrooms | $1,081 | $879 | $202 |
| 3 Bedrooms | $1,423 | $1,032 | $391 |
| 4 Bedrooms | $1,651 | $1,302 | $349 |
| Median Income | $73,596 | $44,385 | $29,211 |
Missoula
- Studio
- $762/mo
- 1 BR
- $909/mo
- 2 BR
- $1,081/mo
- 3 BR
- $1,423/mo
- 4 BR
- $1,651/mo
- Median Income
- $73,596/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 Missoula or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,081/mo in Missoula. That's $202/mo or $2,424/year more expensive in Missoula (23% higher).
What is the 2-bedroom rent in Missoula vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Missoula is $1,081/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Missoula and Panama City?
The median household income in Missoula is $73,596/year. In Panama City it is $44,385/year. Missoula has the higher median income.
What is the studio rent in Missoula vs Panama City?
A studio apartment Fair Market Rent in Missoula is $762/mo. In Panama City it is $571/mo.