Indianapolis-Carmel-Anderson vs New York-Newark-Jersey City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 150% cheaper for renters. A 2-bedroom rents for $916/mo vs $2,293/mo in New York-Newark-Jersey City — saving $16,524/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | New York-Newark-Jersey City | Difference |
|---|---|---|---|
| Studio | $568 | $1,531 | $963 |
| 1 Bedroom | $718 | $1,813 | $1,095 |
| 2 Bedrooms | $916 | $2,293 | $1,377 |
| 3 Bedrooms | $1,096 | $2,674 | $1,578 |
| 4 Bedrooms | $1,191 | $3,167 | $1,976 |
| Median Income | $51,092 | $124,777 | $73,685 |
Indianapolis-Carmel-Anderson
- Studio
- $568/mo
- 1 BR
- $718/mo
- 2 BR
- $916/mo
- 3 BR
- $1,096/mo
- 4 BR
- $1,191/mo
- Median Income
- $51,092/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 Indianapolis-Carmel-Anderson or New York-Newark-Jersey City cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,377/mo or $16,524/year more expensive in New York-Newark-Jersey City (150% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs New York-Newark-Jersey City?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In New York-Newark-Jersey City, a 2-bedroom FMR is $2,293/month.
How do incomes compare between Indianapolis-Carmel-Anderson and New York-Newark-Jersey City?
The median household income in Indianapolis-Carmel-Anderson is $51,092/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 Indianapolis-Carmel-Anderson vs New York-Newark-Jersey City?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In New York-Newark-Jersey City it is $1,531/mo.