Chico vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 4% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,059/mo in Chico — saving $456/year.
Rent by Unit Size
| Unit Size | Chico | Richmond | Difference |
|---|---|---|---|
| Studio | $698 | $669 | $29 |
| 1 Bedroom | $859 | $842 | $17 |
| 2 Bedrooms | $1,059 | $1,021 | $38 |
| 3 Bedrooms | $1,354 | $1,317 | $37 |
| 4 Bedrooms | $1,491 | $1,453 | $38 |
| Median Income | $66,884 | $69,914 | $3,030 |
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
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 Chico or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,059/mo in Chico. That's $38/mo or $456/year more expensive in Chico (4% higher).
What is the 2-bedroom rent in Chico vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Chico and Richmond?
The median household income in Chico is $66,884/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Chico vs Richmond?
A studio apartment Fair Market Rent in Chico is $698/mo. In Richmond it is $669/mo.