Panama City vs Rochester
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 3% cheaper for renters. A 2-bedroom rents for $879/mo vs $903/mo in Rochester — saving $288/year.
Rent by Unit Size
| Unit Size | Panama City | Rochester | Difference |
|---|---|---|---|
| Studio | $571 | $594 | $23 |
| 1 Bedroom | $706 | $739 | $33 |
| 2 Bedrooms | $879 | $903 | $24 |
| 3 Bedrooms | $1,032 | $1,112 | $80 |
| 4 Bedrooms | $1,302 | $1,294 | $8 |
| Median Income | $44,385 | $52,618 | $8,233 |
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
Rochester
- Studio
- $594/mo
- 1 BR
- $739/mo
- 2 BR
- $903/mo
- 3 BR
- $1,112/mo
- 4 BR
- $1,294/mo
- Median Income
- $52,618/yr
Frequently Asked Questions
Is Panama City or Rochester cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $903/mo in Rochester. That's $24/mo or $288/year more expensive in Rochester (3% higher).
What is the 2-bedroom rent in Panama City vs Rochester?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Rochester, a 2-bedroom FMR is $903/month.
How do incomes compare between Panama City and Rochester?
The median household income in Panama City is $44,385/year. In Rochester it is $52,618/year. Rochester has the higher median income.
What is the studio rent in Panama City vs Rochester?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Rochester it is $594/mo.