Panama City vs Topeka
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Topeka is 25% cheaper for renters. A 2-bedroom rents for $703/mo vs $879/mo in Panama City — saving $2,112/year.
Rent by Unit Size
| Unit Size | Panama City | Topeka | Difference |
|---|---|---|---|
| Studio | $571 | $458 | $113 |
| 1 Bedroom | $706 | $575 | $131 |
| 2 Bedrooms | $879 | $703 | $176 |
| 3 Bedrooms | $1,032 | $871 | $161 |
| 4 Bedrooms | $1,302 | $1,008 | $294 |
| Median Income | $44,385 | $37,700 | $6,685 |
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
Topeka
- Studio
- $458/mo
- 1 BR
- $575/mo
- 2 BR
- $703/mo
- 3 BR
- $871/mo
- 4 BR
- $1,008/mo
- Median Income
- $37,700/yr
Frequently Asked Questions
Is Panama City or Topeka cheaper to rent in?
Topeka is cheaper — a 2-bedroom Fair Market Rent is $703/mo vs $879/mo in Panama City. That's $176/mo or $2,112/year more expensive in Panama City (25% higher).
What is the 2-bedroom rent in Panama City vs Topeka?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Topeka, a 2-bedroom FMR is $703/month.
How do incomes compare between Panama City and Topeka?
The median household income in Panama City is $44,385/year. In Topeka it is $37,700/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Topeka?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Topeka it is $458/mo.