Fargo vs New York-Newark-Jersey City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 151% cheaper for renters. A 2-bedroom rents for $913/mo vs $2,293/mo in New York-Newark-Jersey City — saving $16,560/year.
Rent by Unit Size
| Unit Size | Fargo | New York-Newark-Jersey City | Difference |
|---|---|---|---|
| Studio | $577 | $1,531 | $954 |
| 1 Bedroom | $717 | $1,813 | $1,096 |
| 2 Bedrooms | $913 | $2,293 | $1,380 |
| 3 Bedrooms | $1,145 | $2,674 | $1,529 |
| 4 Bedrooms | $1,249 | $3,167 | $1,918 |
| Median Income | $45,978 | $124,777 | $78,799 |
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/yr
New York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/yr
Frequently Asked Questions
Is Fargo or New York-Newark-Jersey City cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,380/mo or $16,560/year more expensive in New York-Newark-Jersey City (151% higher).
What is the 2-bedroom rent in Fargo vs New York-Newark-Jersey City?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In New York-Newark-Jersey City, a 2-bedroom FMR is $2,293/month.
How do incomes compare between Fargo and New York-Newark-Jersey City?
The median household income in Fargo is $45,978/year. In New York-Newark-Jersey City it is $124,777/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in Fargo vs New York-Newark-Jersey City?
A studio apartment Fair Market Rent in Fargo is $577/mo. In New York-Newark-Jersey City it is $1,531/mo.