Bangor vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bangor is 32% cheaper for renters. A 2-bedroom rents for $774/mo vs $1,021/mo in Richmond — saving $2,964/year.
Rent by Unit Size
| Unit Size | Bangor | Richmond | Difference |
|---|---|---|---|
| Studio | $510 | $669 | $159 |
| 1 Bedroom | $653 | $842 | $189 |
| 2 Bedrooms | $774 | $1,021 | $247 |
| 3 Bedrooms | $996 | $1,317 | $321 |
| 4 Bedrooms | $1,108 | $1,453 | $345 |
| Median Income | $53,743 | $69,914 | $16,171 |
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
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Bangor or Richmond cheaper to rent in?
Bangor is cheaper — a 2-bedroom Fair Market Rent is $774/mo vs $1,021/mo in Richmond. That's $247/mo or $2,964/year more expensive in Richmond (32% higher).
What is the 2-bedroom rent in Bangor vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Bangor is $774/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Bangor and Richmond?
The median household income in Bangor is $53,743/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Bangor vs Richmond?
A studio apartment Fair Market Rent in Bangor is $510/mo. In Richmond it is $669/mo.