Olympia-Lacey-Tumwater vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 15% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,178/mo in Olympia-Lacey-Tumwater — saving $1,884/year.
Rent by Unit Size
| Unit Size | Olympia-Lacey-Tumwater | Richmond | Difference |
|---|---|---|---|
| Studio | $769 | $669 | $100 |
| 1 Bedroom | $945 | $842 | $103 |
| 2 Bedrooms | $1,178 | $1,021 | $157 |
| 3 Bedrooms | $1,376 | $1,317 | $59 |
| 4 Bedrooms | $1,633 | $1,453 | $180 |
| Median Income | $67,966 | $69,914 | $1,948 |
Olympia-Lacey-Tumwater
- Studio
- $769/mo
- 1 BR
- $945/mo
- 2 BR
- $1,178/mo
- 3 BR
- $1,376/mo
- 4 BR
- $1,633/mo
- Median Income
- $67,966/yr
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Olympia-Lacey-Tumwater or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,178/mo in Olympia-Lacey-Tumwater. That's $157/mo or $1,884/year more expensive in Olympia-Lacey-Tumwater (15% higher).
What is the 2-bedroom rent in Olympia-Lacey-Tumwater vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Olympia-Lacey-Tumwater is $1,178/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Olympia-Lacey-Tumwater and Richmond?
The median household income in Olympia-Lacey-Tumwater is $67,966/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Olympia-Lacey-Tumwater vs Richmond?
A studio apartment Fair Market Rent in Olympia-Lacey-Tumwater is $769/mo. In Richmond it is $669/mo.