Bangor vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bangor is 6% cheaper for renters. A 2-bedroom rents for $774/mo vs $819/mo in Memphis — saving $540/year.
Rent by Unit Size
| Unit Size | Bangor | Memphis | Difference |
|---|---|---|---|
| Studio | $510 | $560 | $50 |
| 1 Bedroom | $653 | $682 | $29 |
| 2 Bedrooms | $774 | $819 | $45 |
| 3 Bedrooms | $996 | $1,011 | $15 |
| 4 Bedrooms | $1,108 | $1,184 | $76 |
| Median Income | $53,743 | $44,652 | $9,091 |
Bangor
- Studio
- $510/mo
- 1 BR
- $653/mo
- 2 BR
- $774/mo
- 3 BR
- $996/mo
- 4 BR
- $1,108/mo
- Median Income
- $53,743/yr
Memphis
- Studio
- $560/mo
- 1 BR
- $682/mo
- 2 BR
- $819/mo
- 3 BR
- $1,011/mo
- 4 BR
- $1,184/mo
- Median Income
- $44,652/yr
Frequently Asked Questions
Is Bangor or Memphis cheaper to rent in?
Bangor is cheaper — a 2-bedroom Fair Market Rent is $774/mo vs $819/mo in Memphis. That's $45/mo or $540/year more expensive in Memphis (6% higher).
What is the 2-bedroom rent in Bangor vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Bangor is $774/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Bangor and Memphis?
The median household income in Bangor is $53,743/year. In Memphis it is $44,652/year. Bangor has the higher median income.
What is the studio rent in Bangor vs Memphis?
A studio apartment Fair Market Rent in Bangor is $510/mo. In Memphis it is $560/mo.