New Haven-Milford vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 54% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,189/mo in New Haven-Milford — saving $5,028/year.
Rent by Unit Size
| Unit Size | New Haven-Milford | Waco | Difference |
|---|---|---|---|
| Studio | $808 | $530 | $278 |
| 1 Bedroom | $974 | $629 | $345 |
| 2 Bedrooms | $1,189 | $770 | $419 |
| 3 Bedrooms | $1,507 | $988 | $519 |
| 4 Bedrooms | $1,637 | $1,119 | $518 |
| Median Income | $68,368 | $40,886 | $27,482 |
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
Waco
- Studio
- $530/mo
- 1 BR
- $629/mo
- 2 BR
- $770/mo
- 3 BR
- $988/mo
- 4 BR
- $1,119/mo
- Median Income
- $40,886/yr
Frequently Asked Questions
Is New Haven-Milford or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,189/mo in New Haven-Milford. That's $419/mo or $5,028/year more expensive in New Haven-Milford (54% higher).
What is the 2-bedroom rent in New Haven-Milford vs Waco?
The HUD Fair Market Rent for a 2-bedroom in New Haven-Milford is $1,189/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between New Haven-Milford and Waco?
The median household income in New Haven-Milford is $68,368/year. In Waco it is $40,886/year. New Haven-Milford has the higher median income.
What is the studio rent in New Haven-Milford vs Waco?
A studio apartment Fair Market Rent in New Haven-Milford is $808/mo. In Waco it is $530/mo.