Boston-Cambridge-Quincy, NH vs Oakland-Fremont, CA
A 2-bedroom in Oakland-Fremont costs $29 less per month than Boston-Cambridge-Quincy ($2,912 vs $2,941). Median income is $112,484 in Boston-Cambridge-Quincy and $133,780 in Oakland-Fremont. That's a difference of $348 per year in housing costs.
Side-by-Side Comparison
| Metric | Boston-Cambridge-Quincy | Oakland-Fremont |
|---|---|---|
| Studio FMR | $2,359 | $2,142 |
| 1BR FMR | $2,476 | $2,385 |
| 2BR FMR | $2,941 | $2,912 |
| 3BR FMR | $3,526 | $3,724 |
| 4BR FMR | $3,894 | $4,413 |
| Median Income | $112,484 | $133,780 |
| Rent Burden | 31.4% | 26.1% |
| Actual Median Rent | $1,940 | $2,426 |
| Median Home Value | $610,900 | $1,113,800 |
| Population | 4.9M | 4.7M |
| Renter % | 38.2% | 44.6% |
| Vacancy Rate | 5.9% | 7% |
| Poverty Rate | 8.9% | 8.7% |
| YoY Change | +4% | +12.4% |
| Min Wage | $7.25/hr | $16.50/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Oakland-Fremont, CA is more affordable with a 2BR FMR of $2,912/mo, which is $29 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 26.1% in Oakland-Fremont.
A 2-bedroom in Boston-Cambridge-Quincy, NH costs $2,941/mo at Fair Market Rent, while in Oakland-Fremont, CA it's $2,912/mo, a difference of $29/mo or $348/year.
To afford a 2BR without spending more than 30% of income on rent: Boston-Cambridge-Quincy requires $117,640/year ($57/hr). Oakland-Fremont requires $116,480/year ($56/hr).