Salt Lake City vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Wilmington is 10% cheaper for renters. A 2-bedroom rents for $1,024/mo vs $1,127/mo in Salt Lake City — saving $1,236/year.
Rent by Unit Size
| Unit Size | Salt Lake City | Wilmington | Difference |
|---|---|---|---|
| Studio | $754 | $656 | $98 |
| 1 Bedroom | $912 | $838 | $74 |
| 2 Bedrooms | $1,127 | $1,024 | $103 |
| 3 Bedrooms | $1,352 | $1,314 | $38 |
| 4 Bedrooms | $1,632 | $1,459 | $173 |
| Median Income | $77,224 | $52,995 | $24,229 |
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/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 Salt Lake City or Wilmington cheaper to rent in?
Wilmington is cheaper — a 2-bedroom Fair Market Rent is $1,024/mo vs $1,127/mo in Salt Lake City. That's $103/mo or $1,236/year more expensive in Salt Lake City (10% higher).
What is the 2-bedroom rent in Salt Lake City vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Salt Lake City is $1,127/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Salt Lake City and Wilmington?
The median household income in Salt Lake City is $77,224/year. In Wilmington it is $52,995/year. Salt Lake City has the higher median income.
What is the studio rent in Salt Lake City vs Wilmington?
A studio apartment Fair Market Rent in Salt Lake City is $754/mo. In Wilmington it is $656/mo.