Panama City vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 19% cheaper for renters. A 2-bedroom rents for $736/mo vs $879/mo in Panama City — saving $1,716/year.
Rent by Unit Size
| Unit Size | Panama City | Peoria | Difference |
|---|---|---|---|
| Studio | $571 | $470 | $101 |
| 1 Bedroom | $706 | $596 | $110 |
| 2 Bedrooms | $879 | $736 | $143 |
| 3 Bedrooms | $1,032 | $870 | $162 |
| 4 Bedrooms | $1,302 | $1,074 | $228 |
| Median Income | $44,385 | $39,404 | $4,981 |
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
Peoria
- Studio
- $470/mo
- 1 BR
- $596/mo
- 2 BR
- $736/mo
- 3 BR
- $870/mo
- 4 BR
- $1,074/mo
- Median Income
- $39,404/yr
Frequently Asked Questions
Is Panama City or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $879/mo in Panama City. That's $143/mo or $1,716/year more expensive in Panama City (19% higher).
What is the 2-bedroom rent in Panama City vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Panama City and Peoria?
The median household income in Panama City is $44,385/year. In Peoria it is $39,404/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Peoria?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Peoria it is $470/mo.