New Orleans-Metairie vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 11% cheaper for renters. A 2-bedroom rents for $879/mo vs $980/mo in New Orleans-Metairie — saving $1,212/year.
Rent by Unit Size
| Unit Size | New Orleans-Metairie | Panama City | Difference |
|---|---|---|---|
| Studio | $644 | $571 | $73 |
| 1 Bedroom | $781 | $706 | $75 |
| 2 Bedrooms | $980 | $879 | $101 |
| 3 Bedrooms | $1,243 | $1,032 | $211 |
| 4 Bedrooms | $1,319 | $1,302 | $17 |
| Median Income | $50,082 | $44,385 | $5,697 |
New Orleans-Metairie
- Studio
- $644/mo
- 1 BR
- $781/mo
- 2 BR
- $980/mo
- 3 BR
- $1,243/mo
- 4 BR
- $1,319/mo
- Median Income
- $50,082/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 Orleans-Metairie or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $980/mo in New Orleans-Metairie. That's $101/mo or $1,212/year more expensive in New Orleans-Metairie (11% higher).
What is the 2-bedroom rent in New Orleans-Metairie vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in New Orleans-Metairie is $980/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between New Orleans-Metairie and Panama City?
The median household income in New Orleans-Metairie is $50,082/year. In Panama City it is $44,385/year. New Orleans-Metairie has the higher median income.
What is the studio rent in New Orleans-Metairie vs Panama City?
A studio apartment Fair Market Rent in New Orleans-Metairie is $644/mo. In Panama City it is $571/mo.