Panama City vs Tampa-St. Petersburg-Clearwater
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 39% cheaper for renters. A 2-bedroom rents for $879/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater — saving $4,068/year.
Rent by Unit Size
| Unit Size | Panama City | Tampa-St. Petersburg-Clearwater | Difference |
|---|---|---|---|
| Studio | $571 | $817 | $246 |
| 1 Bedroom | $706 | $967 | $261 |
| 2 Bedrooms | $879 | $1,218 | $339 |
| 3 Bedrooms | $1,032 | $1,527 | $495 |
| 4 Bedrooms | $1,302 | $1,752 | $450 |
| Median Income | $44,385 | $69,520 | $25,135 |
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
Tampa-St. Petersburg-Clearwater
- Studio
- $817/mo
- 1 BR
- $967/mo
- 2 BR
- $1,218/mo
- 3 BR
- $1,527/mo
- 4 BR
- $1,752/mo
- Median Income
- $69,520/yr
Frequently Asked Questions
Is Panama City or Tampa-St. Petersburg-Clearwater cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater. That's $339/mo or $4,068/year more expensive in Tampa-St. Petersburg-Clearwater (39% higher).
What is the 2-bedroom rent in Panama City vs Tampa-St. Petersburg-Clearwater?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Tampa-St. Petersburg-Clearwater, a 2-bedroom FMR is $1,218/month.
How do incomes compare between Panama City and Tampa-St. Petersburg-Clearwater?
The median household income in Panama City is $44,385/year. In Tampa-St. Petersburg-Clearwater it is $69,520/year. Tampa-St. Petersburg-Clearwater has the higher median income.
What is the studio rent in Panama City vs Tampa-St. Petersburg-Clearwater?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Tampa-St. Petersburg-Clearwater it is $817/mo.