Panama City vs Tucson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Panama City is 7% cheaper for renters. A 2-bedroom rents for $879/mo vs $940/mo in Tucson — saving $732/year.
Rent by Unit Size
| Unit Size | Panama City | Tucson | Difference |
|---|---|---|---|
| Studio | $571 | $660 | $89 |
| 1 Bedroom | $706 | $779 | $73 |
| 2 Bedrooms | $879 | $940 | $61 |
| 3 Bedrooms | $1,032 | $1,223 | $191 |
| 4 Bedrooms | $1,302 | $1,369 | $67 |
| Median Income | $44,385 | $58,210 | $13,825 |
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
Tucson
- Studio
- $660/mo
- 1 BR
- $779/mo
- 2 BR
- $940/mo
- 3 BR
- $1,223/mo
- 4 BR
- $1,369/mo
- Median Income
- $58,210/yr
Frequently Asked Questions
Is Panama City or Tucson cheaper to rent in?
Panama City is cheaper — a 2-bedroom Fair Market Rent is $879/mo vs $940/mo in Tucson. That's $61/mo or $732/year more expensive in Tucson (7% higher).
What is the 2-bedroom rent in Panama City vs Tucson?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Tucson, a 2-bedroom FMR is $940/month.
How do incomes compare between Panama City and Tucson?
The median household income in Panama City is $44,385/year. In Tucson it is $58,210/year. Tucson has the higher median income.
What is the studio rent in Panama City vs Tucson?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Tucson it is $660/mo.