Panama City vs Roanoke
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Roanoke is 9% cheaper for renters. A 2-bedroom rents for $803/mo vs $879/mo in Panama City — saving $912/year.
Rent by Unit Size
| Unit Size | Panama City | Roanoke | Difference |
|---|---|---|---|
| Studio | $571 | $518 | $53 |
| 1 Bedroom | $706 | $643 | $63 |
| 2 Bedrooms | $879 | $803 | $76 |
| 3 Bedrooms | $1,032 | $980 | $52 |
| 4 Bedrooms | $1,302 | $1,168 | $134 |
| Median Income | $44,385 | $51,099 | $6,714 |
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
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/yr
Frequently Asked Questions
Is Panama City or Roanoke cheaper to rent in?
Roanoke is cheaper — a 2-bedroom Fair Market Rent is $803/mo vs $879/mo in Panama City. That's $76/mo or $912/year more expensive in Panama City (9% higher).
What is the 2-bedroom rent in Panama City vs Roanoke?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Roanoke, a 2-bedroom FMR is $803/month.
How do incomes compare between Panama City and Roanoke?
The median household income in Panama City is $44,385/year. In Roanoke it is $51,099/year. Roanoke has the higher median income.
What is the studio rent in Panama City vs Roanoke?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Roanoke it is $518/mo.