Madison vs New York-Newark-Jersey City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 121% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $2,293/mo in New York-Newark-Jersey City — saving $15,060/year.
Rent by Unit Size
| Unit Size | Madison | New York-Newark-Jersey City | Difference |
|---|---|---|---|
| Studio | $676 | $1,531 | $855 |
| 1 Bedroom | $827 | $1,813 | $986 |
| 2 Bedrooms | $1,038 | $2,293 | $1,255 |
| 3 Bedrooms | $1,222 | $2,674 | $1,452 |
| 4 Bedrooms | $1,400 | $3,167 | $1,767 |
| Median Income | $64,691 | $124,777 | $60,086 |
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/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 Madison or New York-Newark-Jersey City cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,255/mo or $15,060/year more expensive in New York-Newark-Jersey City (121% higher).
What is the 2-bedroom rent in Madison vs New York-Newark-Jersey City?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In New York-Newark-Jersey City, a 2-bedroom FMR is $2,293/month.
How do incomes compare between Madison and New York-Newark-Jersey City?
The median household income in Madison is $64,691/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 Madison vs New York-Newark-Jersey City?
A studio apartment Fair Market Rent in Madison is $676/mo. In New York-Newark-Jersey City it is $1,531/mo.