Panama City vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 85% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,623/mo in San Luis Obispo — saving $8,928/year.
Rent by Unit Size
| Unit Size | Panama City | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $571 | $1,065 | $494 |
| 1 Bedroom | $706 | $1,360 | $654 |
| 2 Bedrooms | $879 | $1,623 | $744 |
| 3 Bedrooms | $1,032 | $2,039 | $1,007 |
| 4 Bedrooms | $1,302 | $2,372 | $1,070 |
| Median Income | $44,385 | $94,761 | $50,376 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Panama City or San Luis Obispo cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,623/mo in San Luis Obispo. That's $744/mo or $8,928/year more expensive in San Luis Obispo (85% higher).
What is the 2-bedroom rent in Panama City vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Panama City and San Luis Obispo?
The median household income in Panama City is $44,385/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Panama City vs San Luis Obispo?
A studio apartment Fair Market Rent in Panama City is $571/mo. In San Luis Obispo it is $1,065/mo.