Panama City vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 5% cheaper for renters. A 2-bedroom rents for $837/mo vs $879/mo in Panama City — saving $504/year.
Rent by Unit Size
| Unit Size | Panama City | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $571 | $544 | $27 |
| 1 Bedroom | $706 | $672 | $34 |
| 2 Bedrooms | $879 | $837 | $42 |
| 3 Bedrooms | $1,032 | $1,012 | $20 |
| 4 Bedrooms | $1,302 | $1,129 | $173 |
| Median Income | $44,385 | $55,443 | $11,058 |
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
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Panama City or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $879/mo in Panama City. That's $42/mo or $504/year more expensive in Panama City (5% higher).
What is the 2-bedroom rent in Panama City vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Panama City and Sioux Falls?
The median household income in Panama City is $44,385/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Panama City vs Sioux Falls?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Sioux Falls it is $544/mo.