Panama City vs Philadelphia-Camden-Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 37% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,207/mo in Philadelphia-Camden-Wilmington — saving $3,936/year.
Rent by Unit Size
| Unit Size | Panama City | Philadelphia-Camden-Wilmington | Difference |
|---|---|---|---|
| Studio | $571 | $788 | $217 |
| 1 Bedroom | $706 | $990 | $284 |
| 2 Bedrooms | $879 | $1,207 | $328 |
| 3 Bedrooms | $1,032 | $1,535 | $503 |
| 4 Bedrooms | $1,302 | $1,692 | $390 |
| Median Income | $44,385 | $70,627 | $26,242 |
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
Philadelphia-Camden-Wilmington
- Studio
- $788/mo
- 1 BR
- $990/mo
- 2 BR
- $1,207/mo
- 3 BR
- $1,535/mo
- 4 BR
- $1,692/mo
- Median Income
- $70,627/yr
Frequently Asked Questions
Is Panama City or Philadelphia-Camden-Wilmington cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,207/mo in Philadelphia-Camden-Wilmington. That's $328/mo or $3,936/year more expensive in Philadelphia-Camden-Wilmington (37% higher).
What is the 2-bedroom rent in Panama City vs Philadelphia-Camden-Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Philadelphia-Camden-Wilmington, a 2-bedroom FMR is $1,207/month.
How do incomes compare between Panama City and Philadelphia-Camden-Wilmington?
The median household income in Panama City is $44,385/year. In Philadelphia-Camden-Wilmington it is $70,627/year. Philadelphia-Camden-Wilmington has the higher median income.
What is the studio rent in Panama City vs Philadelphia-Camden-Wilmington?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Philadelphia-Camden-Wilmington it is $788/mo.