Boston-Cambridge-Quincy, NH vs Hillsborough County, NH
A 2-bedroom in Hillsborough County costs $1,243 less per month than Boston-Cambridge-Quincy ($1,698 vs $2,941). Median income is $112,484 in Boston-Cambridge-Quincy and $100,436 in Hillsborough County. That's a difference of $14,916 per year in housing costs.
Side-by-Side Comparison
| Metric | Boston-Cambridge-Quincy | Hillsborough County |
|---|---|---|
| Studio FMR | $2,359 | $1,286 |
| 1BR FMR | $2,476 | $1,294 |
| 2BR FMR | $2,941 | $1,698 |
| 3BR FMR | $3,526 | $2,036 |
| 4BR FMR | $3,894 | $2,842 |
| Median Income | $112,484 | $100,436 |
| Rent Burden | 31.4% | 20.3% |
| Actual Median Rent | $1,940 | $1,532 |
| Median Home Value | $610,900 | $385,500 |
| Population | 4.9M | 425K |
| Renter % | 38.2% | 32.5% |
| Vacancy Rate | 5.9% | 5.1% |
| Poverty Rate | 8.9% | 6.5% |
| Unemployment | - | 3.3% |
| YoY Change | +4% | +16.1% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Hillsborough County, NH is more affordable with a 2BR FMR of $1,698/mo, which is $1,243 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 20.3% in Hillsborough County.
A 2-bedroom in Boston-Cambridge-Quincy, NH costs $2,941/mo at Fair Market Rent, while in Hillsborough County, NH it's $1,698/mo, a difference of $1,243/mo or $14,916/year.
To afford a 2BR without spending more than 30% of income on rent: Boston-Cambridge-Quincy requires $117,640/year ($57/hr). Hillsborough County requires $67,920/year ($33/hr).