New Orleans-Metairie vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
New Orleans-Metairie is 4% cheaper for renters. A 2-bedroom rents for $980/mo vs $1,021/mo in Richmond — saving $492/year.
Rent by Unit Size
| Unit Size | New Orleans-Metairie | Richmond | Difference |
|---|---|---|---|
| Studio | $644 | $669 | $25 |
| 1 Bedroom | $781 | $842 | $61 |
| 2 Bedrooms | $980 | $1,021 | $41 |
| 3 Bedrooms | $1,243 | $1,317 | $74 |
| 4 Bedrooms | $1,319 | $1,453 | $134 |
| Median Income | $50,082 | $69,914 | $19,832 |
New Orleans-Metairie
- Studio
- $644/mo
- 1 BR
- $781/mo
- 2 BR
- $980/mo
- 3 BR
- $1,243/mo
- 4 BR
- $1,319/mo
- Median Income
- $50,082/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 Orleans-Metairie or Richmond cheaper to rent in?
New Orleans-Metairie is cheaper — a 2-bedroom Fair Market Rent is $980/mo vs $1,021/mo in Richmond. That's $41/mo or $492/year more expensive in Richmond (4% higher).
What is the 2-bedroom rent in New Orleans-Metairie vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in New Orleans-Metairie is $980/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between New Orleans-Metairie and Richmond?
The median household income in New Orleans-Metairie is $50,082/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in New Orleans-Metairie vs Richmond?
A studio apartment Fair Market Rent in New Orleans-Metairie is $644/mo. In Richmond it is $669/mo.