Panama City vs Spokane-Spokane Valley
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 15% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,014/mo in Spokane-Spokane Valley — saving $1,620/year.
Rent by Unit Size
| Unit Size | Panama City | Spokane-Spokane Valley | Difference |
|---|---|---|---|
| Studio | $571 | $695 | $124 |
| 1 Bedroom | $706 | $839 | $133 |
| 2 Bedrooms | $879 | $1,014 | $135 |
| 3 Bedrooms | $1,032 | $1,335 | $303 |
| 4 Bedrooms | $1,302 | $1,520 | $218 |
| Median Income | $44,385 | $60,901 | $16,516 |
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
Spokane-Spokane Valley
- Studio
- $695/mo
- 1 BR
- $839/mo
- 2 BR
- $1,014/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,520/mo
- Median Income
- $60,901/yr
Frequently Asked Questions
Is Panama City or Spokane-Spokane Valley cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,014/mo in Spokane-Spokane Valley. That's $135/mo or $1,620/year more expensive in Spokane-Spokane Valley (15% higher).
What is the 2-bedroom rent in Panama City vs Spokane-Spokane Valley?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Spokane-Spokane Valley, a 2-bedroom FMR is $1,014/month.
How do incomes compare between Panama City and Spokane-Spokane Valley?
The median household income in Panama City is $44,385/year. In Spokane-Spokane Valley it is $60,901/year. Spokane-Spokane Valley has the higher median income.
What is the studio rent in Panama City vs Spokane-Spokane Valley?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Spokane-Spokane Valley it is $695/mo.