Panama City vs Providence-Warwick
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 28% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,122/mo in Providence-Warwick — saving $2,916/year.
Rent by Unit Size
| Unit Size | Panama City | Providence-Warwick | Difference |
|---|---|---|---|
| Studio | $571 | $784 | $213 |
| 1 Bedroom | $706 | $946 | $240 |
| 2 Bedrooms | $879 | $1,122 | $243 |
| 3 Bedrooms | $1,032 | $1,429 | $397 |
| 4 Bedrooms | $1,302 | $1,663 | $361 |
| Median Income | $44,385 | $69,693 | $25,308 |
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
Providence-Warwick
- Studio
- $784/mo
- 1 BR
- $946/mo
- 2 BR
- $1,122/mo
- 3 BR
- $1,429/mo
- 4 BR
- $1,663/mo
- Median Income
- $69,693/yr
Frequently Asked Questions
Is Panama City or Providence-Warwick cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,122/mo in Providence-Warwick. That's $243/mo or $2,916/year more expensive in Providence-Warwick (28% higher).
What is the 2-bedroom rent in Panama City vs Providence-Warwick?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Providence-Warwick, a 2-bedroom FMR is $1,122/month.
How do incomes compare between Panama City and Providence-Warwick?
The median household income in Panama City is $44,385/year. In Providence-Warwick it is $69,693/year. Providence-Warwick has the higher median income.
What is the studio rent in Panama City vs Providence-Warwick?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Providence-Warwick it is $784/mo.