Panama City vs Syracuse
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Syracuse is 7% cheaper for renters. A 2-bedroom rents for $820/mo vs $879/mo in Panama City — saving $708/year.
Rent by Unit Size
| Unit Size | Panama City | Syracuse | Difference |
|---|---|---|---|
| Studio | $571 | $546 | $25 |
| 1 Bedroom | $706 | $686 | $20 |
| 2 Bedrooms | $879 | $820 | $59 |
| 3 Bedrooms | $1,032 | $1,051 | $19 |
| 4 Bedrooms | $1,302 | $1,207 | $95 |
| Median Income | $44,385 | $42,142 | $2,243 |
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
Syracuse
- Studio
- $546/mo
- 1 BR
- $686/mo
- 2 BR
- $820/mo
- 3 BR
- $1,051/mo
- 4 BR
- $1,207/mo
- Median Income
- $42,142/yr
Frequently Asked Questions
Is Panama City or Syracuse cheaper to rent in?
Syracuse is cheaper — a 2-bedroom Fair Market Rent is $820/mo vs $879/mo in Panama City. That's $59/mo or $708/year more expensive in Panama City (7% higher).
What is the 2-bedroom rent in Panama City vs Syracuse?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Syracuse, a 2-bedroom FMR is $820/month.
How do incomes compare between Panama City and Syracuse?
The median household income in Panama City is $44,385/year. In Syracuse it is $42,142/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Syracuse?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Syracuse it is $546/mo.