Mobile vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Mobile is 18% cheaper for renters. A 2-bedroom rents for $746/mo vs $879/mo in Panama City — saving $1,596/year.
Rent by Unit Size
| Unit Size | Mobile | Panama City | Difference |
|---|---|---|---|
| Studio | $495 | $571 | $76 |
| 1 Bedroom | $626 | $706 | $80 |
| 2 Bedrooms | $746 | $879 | $133 |
| 3 Bedrooms | $958 | $1,032 | $74 |
| 4 Bedrooms | $1,154 | $1,302 | $148 |
| Median Income | $43,599 | $44,385 | $786 |
Mobile
- Studio
- $495/mo
- 1 BR
- $626/mo
- 2 BR
- $746/mo
- 3 BR
- $958/mo
- 4 BR
- $1,154/mo
- Median Income
- $43,599/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 Mobile or Panama City cheaper to rent in?
Mobile is cheaper — a 2-bedroom Fair Market Rent is $746/mo vs $879/mo in Panama City. That's $133/mo or $1,596/year more expensive in Panama City (18% higher).
What is the 2-bedroom rent in Mobile vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Mobile is $746/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Mobile and Panama City?
The median household income in Mobile is $43,599/year. In Panama City it is $44,385/year. Panama City has the higher median income.
What is the studio rent in Mobile vs Panama City?
A studio apartment Fair Market Rent in Mobile is $495/mo. In Panama City it is $571/mo.