Modesto 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 $1,092/mo in Modesto — saving $2,556/year.
Rent by Unit Size
| Unit Size | Modesto | Panama City | Difference |
|---|---|---|---|
| Studio | $727 | $571 | $156 |
| 1 Bedroom | $912 | $706 | $206 |
| 2 Bedrooms | $1,092 | $879 | $213 |
| 3 Bedrooms | $1,412 | $1,032 | $380 |
| 4 Bedrooms | $1,509 | $1,302 | $207 |
| Median Income | $56,394 | $44,385 | $12,009 |
Modesto
- Studio
- $727/mo
- 1 BR
- $912/mo
- 2 BR
- $1,092/mo
- 3 BR
- $1,412/mo
- 4 BR
- $1,509/mo
- Median Income
- $56,394/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 Modesto or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,092/mo in Modesto. That's $213/mo or $2,556/year more expensive in Modesto (24% higher).
What is the 2-bedroom rent in Modesto vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Modesto is $1,092/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Modesto and Panama City?
The median household income in Modesto is $56,394/year. In Panama City it is $44,385/year. Modesto has the higher median income.
What is the studio rent in Modesto vs Panama City?
A studio apartment Fair Market Rent in Modesto is $727/mo. In Panama City it is $571/mo.