Concord vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 7% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,088/mo in Concord — saving $804/year.
Rent by Unit Size
| Unit Size | Concord | Richmond | Difference |
|---|---|---|---|
| Studio | $755 | $669 | $86 |
| 1 Bedroom | $912 | $842 | $70 |
| 2 Bedrooms | $1,088 | $1,021 | $67 |
| 3 Bedrooms | $1,418 | $1,317 | $101 |
| 4 Bedrooms | $1,586 | $1,453 | $133 |
| Median Income | $53,649 | $69,914 | $16,265 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/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 Concord or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,088/mo in Concord. That's $67/mo or $804/year more expensive in Concord (7% higher).
What is the 2-bedroom rent in Concord vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Concord and Richmond?
The median household income in Concord is $53,649/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Concord vs Richmond?
A studio apartment Fair Market Rent in Concord is $755/mo. In Richmond it is $669/mo.