Panama City vs Tuscaloosa
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Tuscaloosa is 14% cheaper for renters. A 2-bedroom rents for $772/mo vs $879/mo in Panama City — saving $1,284/year.
Rent by Unit Size
| Unit Size | Panama City | Tuscaloosa | Difference |
|---|---|---|---|
| Studio | $571 | $503 | $68 |
| 1 Bedroom | $706 | $612 | $94 |
| 2 Bedrooms | $879 | $772 | $107 |
| 3 Bedrooms | $1,032 | $937 | $95 |
| 4 Bedrooms | $1,302 | $1,049 | $253 |
| Median Income | $44,385 | $39,330 | $5,055 |
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
Tuscaloosa
- Studio
- $503/mo
- 1 BR
- $612/mo
- 2 BR
- $772/mo
- 3 BR
- $937/mo
- 4 BR
- $1,049/mo
- Median Income
- $39,330/yr
Frequently Asked Questions
Is Panama City or Tuscaloosa cheaper to rent in?
Tuscaloosa is cheaper — a 2-bedroom Fair Market Rent is $772/mo vs $879/mo in Panama City. That's $107/mo or $1,284/year more expensive in Panama City (14% higher).
What is the 2-bedroom rent in Panama City vs Tuscaloosa?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Tuscaloosa, a 2-bedroom FMR is $772/month.
How do incomes compare between Panama City and Tuscaloosa?
The median household income in Panama City is $44,385/year. In Tuscaloosa it is $39,330/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Tuscaloosa?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Tuscaloosa it is $503/mo.