New York-Newark-Jersey City vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 198% cheaper for renters. A 2-bedroom rents for $770/mo vs $2,293/mo in New York-Newark-Jersey City — saving $18,276/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Waco | Difference |
|---|---|---|---|
| Studio | $1,531 | $530 | $1,001 |
| 1 Bedroom | $1,813 | $629 | $1,184 |
| 2 Bedrooms | $2,293 | $770 | $1,523 |
| 3 Bedrooms | $2,674 | $988 | $1,686 |
| 4 Bedrooms | $3,167 | $1,119 | $2,048 |
| Median Income | $124,777 | $40,886 | $83,891 |
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
Waco
- Studio
- $530/mo
- 1 BR
- $629/mo
- 2 BR
- $770/mo
- 3 BR
- $988/mo
- 4 BR
- $1,119/mo
- Median Income
- $40,886/yr
Frequently Asked Questions
Is New York-Newark-Jersey City or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,523/mo or $18,276/year more expensive in New York-Newark-Jersey City (198% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Waco?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between New York-Newark-Jersey City and Waco?
The median household income in New York-Newark-Jersey City is $124,777/year. In Waco it is $40,886/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Waco?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Waco it is $530/mo.