Panama City vs Savannah
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 10% cheaper for renters. A 2-bedroom rents for $879/mo vs $966/mo in Savannah — saving $1,044/year.
Rent by Unit Size
| Unit Size | Panama City | Savannah | Difference |
|---|---|---|---|
| Studio | $571 | $638 | $67 |
| 1 Bedroom | $706 | $772 | $66 |
| 2 Bedrooms | $879 | $966 | $87 |
| 3 Bedrooms | $1,032 | $1,195 | $163 |
| 4 Bedrooms | $1,302 | $1,403 | $101 |
| Median Income | $44,385 | $56,077 | $11,692 |
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
Savannah
- Studio
- $638/mo
- 1 BR
- $772/mo
- 2 BR
- $966/mo
- 3 BR
- $1,195/mo
- 4 BR
- $1,403/mo
- Median Income
- $56,077/yr
Frequently Asked Questions
Is Panama City or Savannah cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $966/mo in Savannah. That's $87/mo or $1,044/year more expensive in Savannah (10% higher).
What is the 2-bedroom rent in Panama City vs Savannah?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Savannah, a 2-bedroom FMR is $966/month.
How do incomes compare between Panama City and Savannah?
The median household income in Panama City is $44,385/year. In Savannah it is $56,077/year. Savannah has the higher median income.
What is the studio rent in Panama City vs Savannah?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Savannah it is $638/mo.