Panama City vs Winston-Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Winston-Salem is 9% cheaper for renters. A 2-bedroom rents for $807/mo vs $879/mo in Panama City — saving $864/year.
Rent by Unit Size
| Unit Size | Panama City | Winston-Salem | Difference |
|---|---|---|---|
| Studio | $571 | $531 | $40 |
| 1 Bedroom | $706 | $652 | $54 |
| 2 Bedrooms | $879 | $807 | $72 |
| 3 Bedrooms | $1,032 | $1,030 | $2 |
| 4 Bedrooms | $1,302 | $1,189 | $113 |
| Median Income | $44,385 | $47,140 | $2,755 |
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
Winston-Salem
- Studio
- $531/mo
- 1 BR
- $652/mo
- 2 BR
- $807/mo
- 3 BR
- $1,030/mo
- 4 BR
- $1,189/mo
- Median Income
- $47,140/yr
Frequently Asked Questions
Is Panama City or Winston-Salem cheaper to rent in?
Winston-Salem is cheaper — a 2-bedroom Fair Market Rent is $807/mo vs $879/mo in Panama City. That's $72/mo or $864/year more expensive in Panama City (9% higher).
What is the 2-bedroom rent in Panama City vs Winston-Salem?
The HUD Fair Market Rent for a 2-bedroom in Panama City is $879/month. In Winston-Salem, a 2-bedroom FMR is $807/month.
How do incomes compare between Panama City and Winston-Salem?
The median household income in Panama City is $44,385/year. In Winston-Salem it is $47,140/year. Winston-Salem has the higher median income.
What is the studio rent in Panama City vs Winston-Salem?
A studio apartment Fair Market Rent in Panama City is $571/mo. In Winston-Salem it is $531/mo.