New York-Newark-Jersey City vs Philadelphia-Camden-Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Philadelphia-Camden-Wilmington is 90% cheaper for renters. A 2-bedroom rents for $1,207/mo vs $2,293/mo in New York-Newark-Jersey City — saving $13,032/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Philadelphia-Camden-Wilmington | Difference |
|---|---|---|---|
| Studio | $1,531 | $788 | $743 |
| 1 Bedroom | $1,813 | $990 | $823 |
| 2 Bedrooms | $2,293 | $1,207 | $1,086 |
| 3 Bedrooms | $2,674 | $1,535 | $1,139 |
| 4 Bedrooms | $3,167 | $1,692 | $1,475 |
| Median Income | $124,777 | $70,627 | $54,150 |
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
Philadelphia-Camden-Wilmington
- Studio
- $788/mo
- 1 BR
- $990/mo
- 2 BR
- $1,207/mo
- 3 BR
- $1,535/mo
- 4 BR
- $1,692/mo
- Median Income
- $70,627/yr
Frequently Asked Questions
Is New York-Newark-Jersey City or Philadelphia-Camden-Wilmington cheaper to rent in?
Philadelphia-Camden-Wilmington is cheaper — a 2-bedroom Fair Market Rent is $1,207/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,086/mo or $13,032/year more expensive in New York-Newark-Jersey City (90% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Philadelphia-Camden-Wilmington?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Philadelphia-Camden-Wilmington, a 2-bedroom FMR is $1,207/month.
How do incomes compare between New York-Newark-Jersey City and Philadelphia-Camden-Wilmington?
The median household income in New York-Newark-Jersey City is $124,777/year. In Philadelphia-Camden-Wilmington it is $70,627/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Philadelphia-Camden-Wilmington?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Philadelphia-Camden-Wilmington it is $788/mo.