Panama City vs Provo-Orem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 28% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,125/mo in Provo-Orem — saving $2,952/year.
Rent by Unit Size
| Unit Size | Panama City | Provo-Orem | Difference |
|---|---|---|---|
| Studio | $571 | $707 | $136 |
| 1 Bedroom | $706 | $881 | $175 |
| 2 Bedrooms | $879 | $1,125 | $246 |
| 3 Bedrooms | $1,032 | $1,330 | $298 |
| 4 Bedrooms | $1,302 | $1,544 | $242 |
| Median Income | $44,385 | $72,225 | $27,840 |
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
Provo-Orem
- Studio
- $707/mo
- 1 BR
- $881/mo
- 2 BR
- $1,125/mo
- 3 BR
- $1,330/mo
- 4 BR
- $1,544/mo
- Median Income
- $72,225/yr
Frequently Asked Questions
Is Panama City or Provo-Orem cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,125/mo in Provo-Orem. That's $246/mo or $2,952/year more expensive in Provo-Orem (28% higher).
What is the 2-bedroom rent in Panama City vs Provo-Orem?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Provo-Orem, a 2-bedroom FMR is $1,125/month.
How do incomes compare between Panama City and Provo-Orem?
The median household income in Panama City is $44,385/year. In Provo-Orem it is $72,225/year. Provo-Orem has the higher median income.
What is the studio rent in Panama City vs Provo-Orem?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Provo-Orem it is $707/mo.