New York-Newark-Jersey City vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Raleigh-Cary is 109% cheaper for renters. A 2-bedroom rents for $1,097/mo vs $2,293/mo in New York-Newark-Jersey City — saving $14,352/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $1,531 | $760 | $771 |
| 1 Bedroom | $1,813 | $928 | $885 |
| 2 Bedrooms | $2,293 | $1,097 | $1,196 |
| 3 Bedrooms | $2,674 | $1,435 | $1,239 |
| 4 Bedrooms | $3,167 | $1,556 | $1,611 |
| Median Income | $124,777 | $70,678 | $54,099 |
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
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is New York-Newark-Jersey City or Raleigh-Cary cheaper to rent in?
Raleigh-Cary is cheaper — a 2-bedroom Fair Market Rent is $1,097/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,196/mo or $14,352/year more expensive in New York-Newark-Jersey City (109% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between New York-Newark-Jersey City and Raleigh-Cary?
The median household income in New York-Newark-Jersey City is $124,777/year. In Raleigh-Cary it is $70,678/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Raleigh-Cary?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Raleigh-Cary it is $760/mo.