Panama City vs Santa Fe
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 29% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,135/mo in Santa Fe — saving $3,072/year.
Rent by Unit Size
| Unit Size | Panama City | Santa Fe | Difference |
|---|---|---|---|
| Studio | $571 | $754 | $183 |
| 1 Bedroom | $706 | $923 | $217 |
| 2 Bedrooms | $879 | $1,135 | $256 |
| 3 Bedrooms | $1,032 | $1,361 | $329 |
| 4 Bedrooms | $1,302 | $1,696 | $394 |
| Median Income | $44,385 | $59,153 | $14,768 |
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
Santa Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/yr
Frequently Asked Questions
Is Panama City or Santa Fe cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,135/mo in Santa Fe. That's $256/mo or $3,072/year more expensive in Santa Fe (29% higher).
What is the 2-bedroom rent in Panama City vs Santa Fe?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Santa Fe, a 2-bedroom FMR is $1,135/month.
How do incomes compare between Panama City and Santa Fe?
The median household income in Panama City is $44,385/year. In Santa Fe it is $59,153/year. Santa Fe has the higher median income.
What is the studio rent in Panama City vs Santa Fe?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Santa Fe it is $754/mo.