Oklahoma City vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Oklahoma City is 9% cheaper for renters. A 2-bedroom rents for $805/mo vs $879/mo in Panama City — saving $888/year.
Rent by Unit Size
| Unit Size | Oklahoma City | Panama City | Difference |
|---|---|---|---|
| Studio | $543 | $571 | $28 |
| 1 Bedroom | $673 | $706 | $33 |
| 2 Bedrooms | $805 | $879 | $74 |
| 3 Bedrooms | $1,023 | $1,032 | $9 |
| 4 Bedrooms | $1,127 | $1,302 | $175 |
| Median Income | $52,559 | $44,385 | $8,174 |
Oklahoma City
- Studio
- $543/mo
- 1 BR
- $673/mo
- 2 BR
- $805/mo
- 3 BR
- $1,023/mo
- 4 BR
- $1,127/mo
- Median Income
- $52,559/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 Oklahoma City or Panama City cheaper to rent in?
Oklahoma City is cheaper — a 2-bedroom Fair Market Rent is $805/mo vs $879/mo in Panama City. That's $74/mo or $888/year more expensive in Panama City (9% higher).
What is the 2-bedroom rent in Oklahoma City vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Oklahoma City is $805/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Oklahoma City and Panama City?
The median household income in Oklahoma City is $52,559/year. In Panama City it is $44,385/year. Oklahoma City has the higher median income.
What is the studio rent in Oklahoma City vs Panama City?
A studio apartment Fair Market Rent in Oklahoma City is $543/mo. In Panama City it is $571/mo.