Jackson vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Jackson is 48% cheaper for renters. A 2-bedroom rents for $689/mo vs $1,021/mo in Richmond — saving $3,984/year.
Rent by Unit Size
| Unit Size | Jackson | Richmond | Difference |
|---|---|---|---|
| Studio | $447 | $669 | $222 |
| 1 Bedroom | $567 | $842 | $275 |
| 2 Bedrooms | $689 | $1,021 | $332 |
| 3 Bedrooms | $897 | $1,317 | $420 |
| 4 Bedrooms | $1,019 | $1,453 | $434 |
| Median Income | $45,630 | $69,914 | $24,284 |
Jackson
- Studio
- $447/mo
- 1 BR
- $567/mo
- 2 BR
- $689/mo
- 3 BR
- $897/mo
- 4 BR
- $1,019/mo
- Median Income
- $45,630/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 Jackson or Richmond cheaper to rent in?
Jackson is cheaper — a 2-bedroom Fair Market Rent is $689/mo vs $1,021/mo in Richmond. That's $332/mo or $3,984/year more expensive in Richmond (48% higher).
What is the 2-bedroom rent in Jackson vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Jackson is $689/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Jackson and Richmond?
The median household income in Jackson is $45,630/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Jackson vs Richmond?
A studio apartment Fair Market Rent in Jackson is $447/mo. In Richmond it is $669/mo.