Racine vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Racine is 29% cheaper for renters. A 2-bedroom rents for $794/mo vs $1,021/mo in Richmond — saving $2,724/year.
Rent by Unit Size
| Unit Size | Racine | Richmond | Difference |
|---|---|---|---|
| Studio | $508 | $669 | $161 |
| 1 Bedroom | $641 | $842 | $201 |
| 2 Bedrooms | $794 | $1,021 | $227 |
| 3 Bedrooms | $1,002 | $1,317 | $315 |
| 4 Bedrooms | $1,141 | $1,453 | $312 |
| Median Income | $42,267 | $69,914 | $27,647 |
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/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 Racine or Richmond cheaper to rent in?
Racine is cheaper — a 2-bedroom Fair Market Rent is $794/mo vs $1,021/mo in Richmond. That's $227/mo or $2,724/year more expensive in Richmond (29% higher).
What is the 2-bedroom rent in Racine vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Racine is $794/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Racine and Richmond?
The median household income in Racine is $42,267/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Racine vs Richmond?
A studio apartment Fair Market Rent in Racine is $508/mo. In Richmond it is $669/mo.