New York-Newark-Jersey City vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Wilmington is 124% cheaper for renters. A 2-bedroom rents for $1,024/mo vs $2,293/mo in New York-Newark-Jersey City — saving $15,228/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Wilmington | Difference |
|---|---|---|---|
| Studio | $1,531 | $656 | $875 |
| 1 Bedroom | $1,813 | $838 | $975 |
| 2 Bedrooms | $2,293 | $1,024 | $1,269 |
| 3 Bedrooms | $2,674 | $1,314 | $1,360 |
| 4 Bedrooms | $3,167 | $1,459 | $1,708 |
| Median Income | $124,777 | $52,995 | $71,782 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is New York-Newark-Jersey City or Wilmington cheaper to rent in?
Wilmington is cheaper — a 2-bedroom Fair Market Rent is $1,024/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,269/mo or $15,228/year more expensive in New York-Newark-Jersey City (124% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between New York-Newark-Jersey City and Wilmington?
The median household income in New York-Newark-Jersey City is $124,777/year. In Wilmington it is $52,995/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Wilmington?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Wilmington it is $656/mo.