Palm Bay-Melbourne-Titusville vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 20% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $2,136/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Panama City | Difference |
|---|---|---|---|
| Studio | $712 | $571 | $141 |
| 1 Bedroom | $871 | $706 | $165 |
| 2 Bedrooms | $1,057 | $879 | $178 |
| 3 Bedrooms | $1,335 | $1,032 | $303 |
| 4 Bedrooms | $1,531 | $1,302 | $229 |
| Median Income | $62,156 | $44,385 | $17,771 |
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/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 Palm Bay-Melbourne-Titusville or Panama City cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $178/mo or $2,136/year more expensive in Palm Bay-Melbourne-Titusville (20% higher).
What is the 2-bedroom rent in Palm Bay-Melbourne-Titusville vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville is $1,057/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Palm Bay-Melbourne-Titusville and Panama City?
The median household income in Palm Bay-Melbourne-Titusville is $62,156/year. In Panama City it is $44,385/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Palm Bay-Melbourne-Titusville vs Panama City?
A studio apartment Fair Market Rent in Palm Bay-Melbourne-Titusville is $712/mo. In Panama City it is $571/mo.