Panama City vs Racine
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Racine is 11% cheaper for renters. A 2-bedroom rents for $794/mo vs $879/mo in Panama City — saving $1,020/year.
Rent by Unit Size
| Unit Size | Panama City | Racine | Difference |
|---|---|---|---|
| Studio | $571 | $508 | $63 |
| 1 Bedroom | $706 | $641 | $65 |
| 2 Bedrooms | $879 | $794 | $85 |
| 3 Bedrooms | $1,032 | $1,002 | $30 |
| 4 Bedrooms | $1,302 | $1,141 | $161 |
| Median Income | $44,385 | $42,267 | $2,118 |
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
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/yr
Frequently Asked Questions
Is Panama City or Racine cheaper to rent in?
Racine is cheaper — a 2-bedroom Fair Market Rent is $794/mo vs $879/mo in Panama City. That's $85/mo or $1,020/year more expensive in Panama City (11% higher).
What is the 2-bedroom rent in Panama City vs Racine?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Racine, a 2-bedroom FMR is $794/month.
How do incomes compare between Panama City and Racine?
The median household income in Panama City is $44,385/year. In Racine it is $42,267/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Racine?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Racine it is $508/mo.