Panama City vs Wichita
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Wichita is 8% cheaper for renters. A 2-bedroom rents for $815/mo vs $879/mo in Panama City — saving $768/year.
Rent by Unit Size
| Unit Size | Panama City | Wichita | Difference |
|---|---|---|---|
| Studio | $571 | $544 | $27 |
| 1 Bedroom | $706 | $646 | $60 |
| 2 Bedrooms | $879 | $815 | $64 |
| 3 Bedrooms | $1,032 | $943 | $89 |
| 4 Bedrooms | $1,302 | $1,087 | $215 |
| Median Income | $44,385 | $42,402 | $1,983 |
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
Wichita
- Studio
- $544/mo
- 1 BR
- $646/mo
- 2 BR
- $815/mo
- 3 BR
- $943/mo
- 4 BR
- $1,087/mo
- Median Income
- $42,402/yr
Frequently Asked Questions
Is Panama City or Wichita cheaper to rent in?
Wichita is cheaper — a 2-bedroom Fair Market Rent is $815/mo vs $879/mo in Panama City. That's $64/mo or $768/year more expensive in Panama City (8% higher).
What is the 2-bedroom rent in Panama City vs Wichita?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Wichita, a 2-bedroom FMR is $815/month.
How do incomes compare between Panama City and Wichita?
The median household income in Panama City is $44,385/year. In Wichita it is $42,402/year. Panama City has the higher median income.
What is the studio rent in Panama City vs Wichita?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Wichita it is $544/mo.