Ocala vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Ocala is 3% cheaper for renters. A 2-bedroom rents for $850/mo vs $879/mo in Panama City — saving $348/year.
Rent by Unit Size
| Unit Size | Ocala | Panama City | Difference |
|---|---|---|---|
| Studio | $584 | $571 | $13 |
| 1 Bedroom | $712 | $706 | $6 |
| 2 Bedrooms | $850 | $879 | $29 |
| 3 Bedrooms | $1,069 | $1,032 | $37 |
| 4 Bedrooms | $1,312 | $1,302 | $10 |
| Median Income | $54,036 | $44,385 | $9,651 |
Ocala
- Studio
- $584/mo
- 1 BR
- $712/mo
- 2 BR
- $850/mo
- 3 BR
- $1,069/mo
- 4 BR
- $1,312/mo
- Median Income
- $54,036/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 Ocala or Panama City cheaper to rent in?
Ocala is cheaper — a 2-bedroom Fair Market Rent is $850/mo vs $879/mo in Panama City. That's $29/mo or $348/year more expensive in Panama City (3% higher).
What is the 2-bedroom rent in Ocala vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Ocala is $850/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Ocala and Panama City?
The median household income in Ocala is $54,036/year. In Panama City it is $44,385/year. Ocala has the higher median income.
What is the studio rent in Ocala vs Panama City?
A studio apartment Fair Market Rent in Ocala is $584/mo. In Panama City it is $571/mo.