New York-Newark-Jersey City vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 218% cheaper for renters. A 2-bedroom rents for $720/mo vs $2,293/mo in New York-Newark-Jersey City — saving $18,876/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Springfield | Difference |
|---|---|---|---|
| Studio | $1,531 | $490 | $1,041 |
| 1 Bedroom | $1,813 | $583 | $1,230 |
| 2 Bedrooms | $2,293 | $720 | $1,573 |
| 3 Bedrooms | $2,674 | $925 | $1,749 |
| 4 Bedrooms | $3,167 | $987 | $2,180 |
| Median Income | $124,777 | $37,539 | $87,238 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is New York-Newark-Jersey City or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,573/mo or $18,876/year more expensive in New York-Newark-Jersey City (218% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between New York-Newark-Jersey City and Springfield?
The median household income in New York-Newark-Jersey City is $124,777/year. In Springfield it is $37,539/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Springfield?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Springfield it is $490/mo.