Boston-Cambridge-Quincy, MA vs New Bedford, MA
A 2-bedroom in New Bedford costs $1,414 less per month than Boston-Cambridge-Quincy ($1,527 vs $2,941). Median income is $112,484 in Boston-Cambridge-Quincy and $85,646 in New Bedford. That's a difference of $16,968 per year in housing costs.
Side-by-Side Comparison
| Metric | Boston-Cambridge-Quincy | New Bedford |
|---|---|---|
| Studio FMR | $2,359 | $1,203 |
| 1BR FMR | $2,476 | $1,230 |
| 2BR FMR | $2,941 | $1,527 |
| 3BR FMR | $3,526 | $1,831 |
| 4BR FMR | $3,894 | $2,289 |
| Median Income | $112,484 | $85,646 |
| Rent Burden | 31.4% | 21.4% |
| Actual Median Rent | $1,940 | $1,236 |
| Median Home Value | $610,900 | $385,900 |
| Population | 4.9M | 1.7M |
| Renter % | 38.2% | 37.1% |
| Vacancy Rate | 5.9% | 8.2% |
| Poverty Rate | 8.9% | 11.2% |
| YoY Change | +4% | +4.4% |
| Min Wage | $15.00/hr | $15.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
New Bedford, MA is more affordable with a 2BR FMR of $1,527/mo, which is $1,414 less than Boston-Cambridge-Quincy at $2,941/mo. However, when considering local incomes, Boston-Cambridge-Quincy has a rent burden of 31.4% vs 21.4% in New Bedford.
A 2-bedroom in Boston-Cambridge-Quincy, MA costs $2,941/mo at Fair Market Rent, while in New Bedford, MA it's $1,527/mo, a difference of $1,414/mo or $16,968/year.
To afford a 2BR without spending more than 30% of income on rent: Boston-Cambridge-Quincy requires $117,640/year ($57/hr). New Bedford requires $61,080/year ($29/hr).