New York-Newark-Jersey City vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Salt Lake City is 103% cheaper for renters. A 2-bedroom rents for $1,127/mo vs $2,293/mo in New York-Newark-Jersey City — saving $13,992/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $1,531 | $754 | $777 |
| 1 Bedroom | $1,813 | $912 | $901 |
| 2 Bedrooms | $2,293 | $1,127 | $1,166 |
| 3 Bedrooms | $2,674 | $1,352 | $1,322 |
| 4 Bedrooms | $3,167 | $1,632 | $1,535 |
| Median Income | $124,777 | $77,224 | $47,553 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is New York-Newark-Jersey City or Salt Lake City cheaper to rent in?
Salt Lake City is cheaper — a 2-bedroom Fair Market Rent is $1,127/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,166/mo or $13,992/year more expensive in New York-Newark-Jersey City (103% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between New York-Newark-Jersey City and Salt Lake City?
The median household income in New York-Newark-Jersey City is $124,777/year. In Salt Lake City it is $77,224/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Salt Lake City?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Salt Lake City it is $754/mo.