Richmond vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 0% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,024/mo in Wilmington — saving $36/year.
Rent by Unit Size
| Unit Size | Richmond | Wilmington | Difference |
|---|---|---|---|
| Studio | $669 | $656 | $13 |
| 1 Bedroom | $842 | $838 | $4 |
| 2 Bedrooms | $1,021 | $1,024 | $3 |
| 3 Bedrooms | $1,317 | $1,314 | $3 |
| 4 Bedrooms | $1,453 | $1,459 | $6 |
| Median Income | $69,914 | $52,995 | $16,919 |
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
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 Richmond or Wilmington cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,024/mo in Wilmington. That's $3/mo or $36/year more expensive in Wilmington (0% higher).
What is the 2-bedroom rent in Richmond vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Richmond and Wilmington?
The median household income in Richmond is $69,914/year. In Wilmington it is $52,995/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Wilmington?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Wilmington it is $656/mo.