Merced vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 3% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,055/mo in Merced — saving $408/year.
Rent by Unit Size
| Unit Size | Merced | Richmond | Difference |
|---|---|---|---|
| Studio | $696 | $669 | $27 |
| 1 Bedroom | $865 | $842 | $23 |
| 2 Bedrooms | $1,055 | $1,021 | $34 |
| 3 Bedrooms | $1,328 | $1,317 | $11 |
| 4 Bedrooms | $1,460 | $1,453 | $7 |
| Median Income | $60,958 | $69,914 | $8,956 |
Merced
- Studio
- $696/mo
- 1 BR
- $865/mo
- 2 BR
- $1,055/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,460/mo
- Median Income
- $60,958/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 Merced or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,055/mo in Merced. That's $34/mo or $408/year more expensive in Merced (3% higher).
What is the 2-bedroom rent in Merced vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Merced is $1,055/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Merced and Richmond?
The median household income in Merced is $60,958/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Merced vs Richmond?
A studio apartment Fair Market Rent in Merced is $696/mo. In Richmond it is $669/mo.