Olympia-Lacey-Tumwater vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 34% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,178/mo in Olympia-Lacey-Tumwater — saving $3,588/year.
Rent by Unit Size
| Unit Size | Olympia-Lacey-Tumwater | Panama City | Difference |
|---|---|---|---|
| Studio | $769 | $571 | $198 |
| 1 Bedroom | $945 | $706 | $239 |
| 2 Bedrooms | $1,178 | $879 | $299 |
| 3 Bedrooms | $1,376 | $1,032 | $344 |
| 4 Bedrooms | $1,633 | $1,302 | $331 |
| Median Income | $67,966 | $44,385 | $23,581 |
Olympia-Lacey-Tumwater
- Studio
- $769/mo
- 1 BR
- $945/mo
- 2 BR
- $1,178/mo
- 3 BR
- $1,376/mo
- 4 BR
- $1,633/mo
- Median Income
- $67,966/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 Olympia-Lacey-Tumwater or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,178/mo in Olympia-Lacey-Tumwater. That's $299/mo or $3,588/year more expensive in Olympia-Lacey-Tumwater (34% higher).
What is the 2-bedroom rent in Olympia-Lacey-Tumwater vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Olympia-Lacey-Tumwater is $1,178/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Olympia-Lacey-Tumwater and Panama City?
The median household income in Olympia-Lacey-Tumwater is $67,966/year. In Panama City it is $44,385/year. Olympia-Lacey-Tumwater has the higher median income.
What is the studio rent in Olympia-Lacey-Tumwater vs Panama City?
A studio apartment Fair Market Rent in Olympia-Lacey-Tumwater is $769/mo. In Panama City it is $571/mo.