Myrtle Beach-Conway-North Myrtle Beach vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 12% cheaper for renters. A 2-bedroom rents for $879/mo vs $983/mo in Myrtle Beach-Conway-North Myrtle Beach — saving $1,248/year.
Rent by Unit Size
| Unit Size | Myrtle Beach-Conway-North Myrtle Beach | Panama City | Difference |
|---|---|---|---|
| Studio | $698 | $571 | $127 |
| 1 Bedroom | $827 | $706 | $121 |
| 2 Bedrooms | $983 | $879 | $104 |
| 3 Bedrooms | $1,303 | $1,032 | $271 |
| 4 Bedrooms | $1,404 | $1,302 | $102 |
| Median Income | $58,519 | $44,385 | $14,134 |
Myrtle Beach-Conway-North Myrtle Beach
- Studio
- $698/mo
- 1 BR
- $827/mo
- 2 BR
- $983/mo
- 3 BR
- $1,303/mo
- 4 BR
- $1,404/mo
- Median Income
- $58,519/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 Myrtle Beach-Conway-North Myrtle Beach or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $983/mo in Myrtle Beach-Conway-North Myrtle Beach. That's $104/mo or $1,248/year more expensive in Myrtle Beach-Conway-North Myrtle Beach (12% higher).
What is the 2-bedroom rent in Myrtle Beach-Conway-North Myrtle Beach vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Myrtle Beach-Conway-North Myrtle Beach is $983/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Myrtle Beach-Conway-North Myrtle Beach and Panama City?
The median household income in Myrtle Beach-Conway-North Myrtle Beach is $58,519/year. In Panama City it is $44,385/year. Myrtle Beach-Conway-North Myrtle Beach has the higher median income.
What is the studio rent in Myrtle Beach-Conway-North Myrtle Beach vs Panama City?
A studio apartment Fair Market Rent in Myrtle Beach-Conway-North Myrtle Beach is $698/mo. In Panama City it is $571/mo.