Panama City vs Portland-South Portland
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 30% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,145/mo in Portland-South Portland — saving $3,192/year.
Rent by Unit Size
| Unit Size | Panama City | Portland-South Portland | Difference |
|---|---|---|---|
| Studio | $571 | $765 | $194 |
| 1 Bedroom | $706 | $906 | $200 |
| 2 Bedrooms | $879 | $1,145 | $266 |
| 3 Bedrooms | $1,032 | $1,402 | $370 |
| 4 Bedrooms | $1,302 | $1,638 | $336 |
| Median Income | $44,385 | $58,824 | $14,439 |
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
Portland-South Portland
- Studio
- $765/mo
- 1 BR
- $906/mo
- 2 BR
- $1,145/mo
- 3 BR
- $1,402/mo
- 4 BR
- $1,638/mo
- Median Income
- $58,824/yr
Frequently Asked Questions
Is Panama City or Portland-South Portland cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,145/mo in Portland-South Portland. That's $266/mo or $3,192/year more expensive in Portland-South Portland (30% higher).
What is the 2-bedroom rent in Panama City vs Portland-South Portland?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Portland-South Portland, a 2-bedroom FMR is $1,145/month.
How do incomes compare between Panama City and Portland-South Portland?
The median household income in Panama City is $44,385/year. In Portland-South Portland it is $58,824/year. Portland-South Portland has the higher median income.
What is the studio rent in Panama City vs Portland-South Portland?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Portland-South Portland it is $765/mo.