Chico vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Chico is 4% cheaper for renters. A 2-bedroom rents for $1,059/mo vs $1,097/mo in Raleigh-Cary — saving $456/year.
Rent by Unit Size
| Unit Size | Chico | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $698 | $760 | $62 |
| 1 Bedroom | $859 | $928 | $69 |
| 2 Bedrooms | $1,059 | $1,097 | $38 |
| 3 Bedrooms | $1,354 | $1,435 | $81 |
| 4 Bedrooms | $1,491 | $1,556 | $65 |
| Median Income | $66,884 | $70,678 | $3,794 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/yr
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Chico or Raleigh-Cary cheaper to rent in?
Chico is cheaper — a 2-bedroom Fair Market Rent is $1,059/mo vs $1,097/mo in Raleigh-Cary. That's $38/mo or $456/year more expensive in Raleigh-Cary (4% higher).
What is the 2-bedroom rent in Chico vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Chico and Raleigh-Cary?
The median household income in Chico is $66,884/year. In Raleigh-Cary it is $70,678/year. Raleigh-Cary has the higher median income.
What is the studio rent in Chico vs Raleigh-Cary?
A studio apartment Fair Market Rent in Chico is $698/mo. In Raleigh-Cary it is $760/mo.