Panama City vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 14% cheaper for renters. A 2-bedroom rents for $769/mo vs $879/mo in Panama City — saving $1,320/year.
Rent by Unit Size
| Unit Size | Panama City | Toledo | Difference |
|---|---|---|---|
| Studio | $571 | $521 | $50 |
| 1 Bedroom | $706 | $622 | $84 |
| 2 Bedrooms | $879 | $769 | $110 |
| 3 Bedrooms | $1,032 | $990 | $42 |
| 4 Bedrooms | $1,302 | $1,150 | $152 |
| Median Income | $44,385 | $44,170 | $215 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Panama City or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $879/mo in Panama City. That's $110/mo or $1,320/year more expensive in Panama City (14% higher).
What is the 2-bedroom rent in Panama City vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Panama City and Toledo?
The median household income in Panama City is $44,385/year. In Toledo it is $44,170/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Toledo?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Toledo it is $521/mo.