New Haven-Milford vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 35% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,189/mo in New Haven-Milford — saving $3,720/year.
Rent by Unit Size
| Unit Size | New Haven-Milford | Panama City | Difference |
|---|---|---|---|
| Studio | $808 | $571 | $237 |
| 1 Bedroom | $974 | $706 | $268 |
| 2 Bedrooms | $1,189 | $879 | $310 |
| 3 Bedrooms | $1,507 | $1,032 | $475 |
| 4 Bedrooms | $1,637 | $1,302 | $335 |
| Median Income | $68,368 | $44,385 | $23,983 |
New Haven-Milford
- Studio
- $808/mo
- 1 BR
- $974/mo
- 2 BR
- $1,189/mo
- 3 BR
- $1,507/mo
- 4 BR
- $1,637/mo
- Median Income
- $68,368/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 New Haven-Milford or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,189/mo in New Haven-Milford. That's $310/mo or $3,720/year more expensive in New Haven-Milford (35% higher).
What is the 2-bedroom rent in New Haven-Milford vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in New Haven-Milford is $1,189/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between New Haven-Milford and Panama City?
The median household income in New Haven-Milford is $68,368/year. In Panama City it is $44,385/year. New Haven-Milford has the higher median income.
What is the studio rent in New Haven-Milford vs Panama City?
A studio apartment Fair Market Rent in New Haven-Milford is $808/mo. In Panama City it is $571/mo.