Panama City vs Redding
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 10% cheaper for renters. A 2-bedroom rents for $879/mo vs $969/mo in Redding — saving $1,080/year.
Rent by Unit Size
| Unit Size | Panama City | Redding | Difference |
|---|---|---|---|
| Studio | $571 | $684 | $113 |
| 1 Bedroom | $706 | $807 | $101 |
| 2 Bedrooms | $879 | $969 | $90 |
| 3 Bedrooms | $1,032 | $1,212 | $180 |
| 4 Bedrooms | $1,302 | $1,339 | $37 |
| Median Income | $44,385 | $56,912 | $12,527 |
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
Redding
- Studio
- $684/mo
- 1 BR
- $807/mo
- 2 BR
- $969/mo
- 3 BR
- $1,212/mo
- 4 BR
- $1,339/mo
- Median Income
- $56,912/yr
Frequently Asked Questions
Is Panama City or Redding cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $969/mo in Redding. That's $90/mo or $1,080/year more expensive in Redding (10% higher).
What is the 2-bedroom rent in Panama City vs Redding?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Redding, a 2-bedroom FMR is $969/month.
How do incomes compare between Panama City and Redding?
The median household income in Panama City is $44,385/year. In Redding it is $56,912/year. Redding has the higher median income.
What is the studio rent in Panama City vs Redding?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Redding it is $684/mo.