Panama City vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 37% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,208/mo in Reno — saving $3,948/year.
Rent by Unit Size
| Unit Size | Panama City | Reno | Difference |
|---|---|---|---|
| Studio | $571 | $773 | $202 |
| 1 Bedroom | $706 | $946 | $240 |
| 2 Bedrooms | $879 | $1,208 | $329 |
| 3 Bedrooms | $1,032 | $1,422 | $390 |
| 4 Bedrooms | $1,302 | $1,636 | $334 |
| Median Income | $44,385 | $59,858 | $15,473 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Panama City or Reno cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,208/mo in Reno. That's $329/mo or $3,948/year more expensive in Reno (37% higher).
What is the 2-bedroom rent in Panama City vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Panama City and Reno?
The median household income in Panama City is $44,385/year. In Reno it is $59,858/year. Reno has the higher median income.
What is the studio rent in Panama City vs Reno?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Reno it is $773/mo.