New Haven-Milford vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 16% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,189/mo in New Haven-Milford — saving $2,016/year.
Rent by Unit Size
| Unit Size | New Haven-Milford | Richmond | Difference |
|---|---|---|---|
| Studio | $808 | $669 | $139 |
| 1 Bedroom | $974 | $842 | $132 |
| 2 Bedrooms | $1,189 | $1,021 | $168 |
| 3 Bedrooms | $1,507 | $1,317 | $190 |
| 4 Bedrooms | $1,637 | $1,453 | $184 |
| Median Income | $68,368 | $69,914 | $1,546 |
New Haven-Milford
- Studio
- $808/mo
- 1 BR
- $974/mo
- 2 BR
- $1,189/mo
- 3 BR
- $1,507/mo
- 4 BR
- $1,637/mo
- Median Income
- $68,368/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 New Haven-Milford or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,189/mo in New Haven-Milford. That's $168/mo or $2,016/year more expensive in New Haven-Milford (16% higher).
What is the 2-bedroom rent in New Haven-Milford vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in New Haven-Milford is $1,189/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between New Haven-Milford and Richmond?
The median household income in New Haven-Milford is $68,368/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in New Haven-Milford vs Richmond?
A studio apartment Fair Market Rent in New Haven-Milford is $808/mo. In Richmond it is $669/mo.