New York-Newark-Jersey City vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Salem is 102% cheaper for renters. A 2-bedroom rents for $1,137/mo vs $2,293/mo in New York-Newark-Jersey City — saving $13,872/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Salem | Difference |
|---|---|---|---|
| Studio | $1,531 | $741 | $790 |
| 1 Bedroom | $1,813 | $913 | $900 |
| 2 Bedrooms | $2,293 | $1,137 | $1,156 |
| 3 Bedrooms | $2,674 | $1,411 | $1,263 |
| 4 Bedrooms | $3,167 | $1,615 | $1,552 |
| Median Income | $124,777 | $53,953 | $70,824 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is New York-Newark-Jersey City or Salem cheaper to rent in?
Salem is cheaper — a 2-bedroom Fair Market Rent is $1,137/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,156/mo or $13,872/year more expensive in New York-Newark-Jersey City (102% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Salem?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between New York-Newark-Jersey City and Salem?
The median household income in New York-Newark-Jersey City is $124,777/year. In Salem it is $53,953/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Salem?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Salem it is $741/mo.