Nashville-Davidson-Murfreesboro vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 30% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,144/mo in Nashville-Davidson-Murfreesboro — saving $3,180/year.
Rent by Unit Size
| Unit Size | Nashville-Davidson-Murfreesboro | Panama City | Difference |
|---|---|---|---|
| Studio | $733 | $571 | $162 |
| 1 Bedroom | $920 | $706 | $214 |
| 2 Bedrooms | $1,144 | $879 | $265 |
| 3 Bedrooms | $1,439 | $1,032 | $407 |
| 4 Bedrooms | $1,613 | $1,302 | $311 |
| Median Income | $74,218 | $44,385 | $29,833 |
Nashville-Davidson-Murfreesboro
- Studio
- $733/mo
- 1 BR
- $920/mo
- 2 BR
- $1,144/mo
- 3 BR
- $1,439/mo
- 4 BR
- $1,613/mo
- Median Income
- $74,218/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 Nashville-Davidson-Murfreesboro or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,144/mo in Nashville-Davidson-Murfreesboro. That's $265/mo or $3,180/year more expensive in Nashville-Davidson-Murfreesboro (30% higher).
What is the 2-bedroom rent in Nashville-Davidson-Murfreesboro vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Nashville-Davidson-Murfreesboro is $1,144/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Nashville-Davidson-Murfreesboro and Panama City?
The median household income in Nashville-Davidson-Murfreesboro is $74,218/year. In Panama City it is $44,385/year. Nashville-Davidson-Murfreesboro has the higher median income.
What is the studio rent in Nashville-Davidson-Murfreesboro vs Panama City?
A studio apartment Fair Market Rent in Nashville-Davidson-Murfreesboro is $733/mo. In Panama City it is $571/mo.