Richmond vs Syracuse
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Syracuse is 25% cheaper for renters. A 2-bedroom rents for $820/mo vs $1,021/mo in Richmond — saving $2,412/year.
Rent by Unit Size
| Unit Size | Richmond | Syracuse | Difference |
|---|---|---|---|
| Studio | $669 | $546 | $123 |
| 1 Bedroom | $842 | $686 | $156 |
| 2 Bedrooms | $1,021 | $820 | $201 |
| 3 Bedrooms | $1,317 | $1,051 | $266 |
| 4 Bedrooms | $1,453 | $1,207 | $246 |
| Median Income | $69,914 | $42,142 | $27,772 |
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
Syracuse
- Studio
- $546/mo
- 1 BR
- $686/mo
- 2 BR
- $820/mo
- 3 BR
- $1,051/mo
- 4 BR
- $1,207/mo
- Median Income
- $42,142/yr
Frequently Asked Questions
Is Richmond or Syracuse cheaper to rent in?
Syracuse is cheaper — a 2-bedroom Fair Market Rent is $820/mo vs $1,021/mo in Richmond. That's $201/mo or $2,412/year more expensive in Richmond (25% higher).
What is the 2-bedroom rent in Richmond vs Syracuse?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Syracuse, a 2-bedroom FMR is $820/month.
How do incomes compare between Richmond and Syracuse?
The median household income in Richmond is $69,914/year. In Syracuse it is $42,142/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Syracuse?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Syracuse it is $546/mo.