Panama City vs Terre Haute
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Terre Haute is 30% cheaper for renters. A 2-bedroom rents for $676/mo vs $879/mo in Panama City — saving $2,436/year.
Rent by Unit Size
| Unit Size | Panama City | Terre Haute | Difference |
|---|---|---|---|
| Studio | $571 | $419 | $152 |
| 1 Bedroom | $706 | $537 | $169 |
| 2 Bedrooms | $879 | $676 | $203 |
| 3 Bedrooms | $1,032 | $806 | $226 |
| 4 Bedrooms | $1,302 | $964 | $338 |
| Median Income | $44,385 | $40,500 | $3,885 |
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
Terre Haute
- Studio
- $419/mo
- 1 BR
- $537/mo
- 2 BR
- $676/mo
- 3 BR
- $806/mo
- 4 BR
- $964/mo
- Median Income
- $40,500/yr
Frequently Asked Questions
Is Panama City or Terre Haute cheaper to rent in?
Terre Haute is cheaper — a 2-bedroom Fair Market Rent is $676/mo vs $879/mo in Panama City. That's $203/mo or $2,436/year more expensive in Panama City (30% higher).
What is the 2-bedroom rent in Panama City vs Terre Haute?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Terre Haute, a 2-bedroom FMR is $676/month.
How do incomes compare between Panama City and Terre Haute?
The median household income in Panama City is $44,385/year. In Terre Haute it is $40,500/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Terre Haute?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Terre Haute it is $419/mo.