Panama City vs Phoenix-Mesa-Chandler
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 32% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,158/mo in Phoenix-Mesa-Chandler — saving $3,348/year.
Rent by Unit Size
| Unit Size | Panama City | Phoenix-Mesa-Chandler | Difference |
|---|---|---|---|
| Studio | $571 | $752 | $181 |
| 1 Bedroom | $706 | $943 | $237 |
| 2 Bedrooms | $879 | $1,158 | $279 |
| 3 Bedrooms | $1,032 | $1,495 | $463 |
| 4 Bedrooms | $1,302 | $1,715 | $413 |
| Median Income | $44,385 | $62,754 | $18,369 |
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
Phoenix-Mesa-Chandler
- Studio
- $752/mo
- 1 BR
- $943/mo
- 2 BR
- $1,158/mo
- 3 BR
- $1,495/mo
- 4 BR
- $1,715/mo
- Median Income
- $62,754/yr
Frequently Asked Questions
Is Panama City or Phoenix-Mesa-Chandler cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,158/mo in Phoenix-Mesa-Chandler. That's $279/mo or $3,348/year more expensive in Phoenix-Mesa-Chandler (32% higher).
What is the 2-bedroom rent in Panama City vs Phoenix-Mesa-Chandler?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Phoenix-Mesa-Chandler, a 2-bedroom FMR is $1,158/month.
How do incomes compare between Panama City and Phoenix-Mesa-Chandler?
The median household income in Panama City is $44,385/year. In Phoenix-Mesa-Chandler it is $62,754/year. Phoenix-Mesa-Chandler has the higher median income.
What is the studio rent in Panama City vs Phoenix-Mesa-Chandler?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Phoenix-Mesa-Chandler it is $752/mo.