Omaha-Council Bluffs vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 6% cheaper for renters. A 2-bedroom rents for $879/mo vs $932/mo in Omaha-Council Bluffs — saving $636/year.
Rent by Unit Size
| Unit Size | Omaha-Council Bluffs | Panama City | Difference |
|---|---|---|---|
| Studio | $601 | $571 | $30 |
| 1 Bedroom | $751 | $706 | $45 |
| 2 Bedrooms | $932 | $879 | $53 |
| 3 Bedrooms | $1,157 | $1,032 | $125 |
| 4 Bedrooms | $1,350 | $1,302 | $48 |
| Median Income | $57,848 | $44,385 | $13,463 |
Omaha-Council Bluffs
- Studio
- $601/mo
- 1 BR
- $751/mo
- 2 BR
- $932/mo
- 3 BR
- $1,157/mo
- 4 BR
- $1,350/mo
- Median Income
- $57,848/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 Omaha-Council Bluffs or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $932/mo in Omaha-Council Bluffs. That's $53/mo or $636/year more expensive in Omaha-Council Bluffs (6% higher).
What is the 2-bedroom rent in Omaha-Council Bluffs vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Omaha-Council Bluffs is $932/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Omaha-Council Bluffs and Panama City?
The median household income in Omaha-Council Bluffs is $57,848/year. In Panama City it is $44,385/year. Omaha-Council Bluffs has the higher median income.
What is the studio rent in Omaha-Council Bluffs vs Panama City?
A studio apartment Fair Market Rent in Omaha-Council Bluffs is $601/mo. In Panama City it is $571/mo.