Salem vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Wilmington is 11% cheaper for renters. A 2-bedroom rents for $1,024/mo vs $1,137/mo in Salem — saving $1,356/year.
Rent by Unit Size
| Unit Size | Salem | Wilmington | Difference |
|---|---|---|---|
| Studio | $741 | $656 | $85 |
| 1 Bedroom | $913 | $838 | $75 |
| 2 Bedrooms | $1,137 | $1,024 | $113 |
| 3 Bedrooms | $1,411 | $1,314 | $97 |
| 4 Bedrooms | $1,615 | $1,459 | $156 |
| Median Income | $53,953 | $52,995 | $958 |
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/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 Salem or Wilmington cheaper to rent in?
Wilmington is cheaper — a 2-bedroom Fair Market Rent is $1,024/mo vs $1,137/mo in Salem. That's $113/mo or $1,356/year more expensive in Salem (11% higher).
What is the 2-bedroom rent in Salem vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Salem is $1,137/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Salem and Wilmington?
The median household income in Salem is $53,953/year. In Wilmington it is $52,995/year. Salem has the higher median income.
What is the studio rent in Salem vs Wilmington?
A studio apartment Fair Market Rent in Salem is $741/mo. In Wilmington it is $656/mo.