Philadelphia-Camden-Wilmington vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 18% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,207/mo in Philadelphia-Camden-Wilmington — saving $2,232/year.
Rent by Unit Size
| Unit Size | Philadelphia-Camden-Wilmington | Richmond | Difference |
|---|---|---|---|
| Studio | $788 | $669 | $119 |
| 1 Bedroom | $990 | $842 | $148 |
| 2 Bedrooms | $1,207 | $1,021 | $186 |
| 3 Bedrooms | $1,535 | $1,317 | $218 |
| 4 Bedrooms | $1,692 | $1,453 | $239 |
| Median Income | $70,627 | $69,914 | $713 |
Philadelphia-Camden-Wilmington
- Studio
- $788/mo
- 1 BR
- $990/mo
- 2 BR
- $1,207/mo
- 3 BR
- $1,535/mo
- 4 BR
- $1,692/mo
- Median Income
- $70,627/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 Philadelphia-Camden-Wilmington or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,207/mo in Philadelphia-Camden-Wilmington. That's $186/mo or $2,232/year more expensive in Philadelphia-Camden-Wilmington (18% higher).
What is the 2-bedroom rent in Philadelphia-Camden-Wilmington vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Philadelphia-Camden-Wilmington is $1,207/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Philadelphia-Camden-Wilmington and Richmond?
The median household income in Philadelphia-Camden-Wilmington is $70,627/year. In Richmond it is $69,914/year. Philadelphia-Camden-Wilmington has the higher median income.
What is the studio rent in Philadelphia-Camden-Wilmington vs Richmond?
A studio apartment Fair Market Rent in Philadelphia-Camden-Wilmington is $788/mo. In Richmond it is $669/mo.