HMFA = HUD Metro Fair Market Rent (FMR) Area. This term indicates that a portion of the Office of Management & Budget (OMB) defined core-based statistical area is in the area to which the income limits and FMRs apply. HUD is required by OMB to alter the name of the metropolitan geographic entities it derives from the Core Based Statistical Area (CBSA) when the geography is not the same as that established by theOMB. CBSA is a collective term meaning both metro and micro. MSA = Metropolitan Statistical Area. Geographic entities defined by OMB for use by the federal statistical agencies in collecting, tabulating, and publishing federal statistics. A metro area contains an urban core of 50,000 or more in population.
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Hourly wages to afford a two-bedroom apartment in New York metros 2021-2025
In 2025, a two-bedroom apartment at a fair market rent in New York HMFA and Westchester County Statutory Exception Area would require renters to earn at least *U.S. dollars per hour, making it the most expensive metropolitan areas to rent in New York. The Nassau-Suffolk HMFA ranked second most expensive, with a minimum hourly wage requirement of *U.S. dollars for a two-bedroom apartment. On the other hand, Yates County HMFA was the most affordable areas requiring renters to earn less than ** U.S. dollars to afford renting a two-bedroom apartment. The monthly fair market rent required for a two-bedroom apartment in New York during this period was between *and U.S. dollars depending on the metropolitan area.
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NLIHC. (July 9, 2025). Hourly wages needed to afford a two-bedroom apartment in New York, United States from 2021 to 2025, by metro (in U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 21, 2026, from /statistics/1256708/us-two-bedroom-housing-wage-ny-by-metro/
NLIHC. "Hourly wages needed to afford a two-bedroom apartment in New York, United States from 2021 to 2025, by metro (in U.S. dollars)." Chart. July 9, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 21, 2026. /statistics/1256708/us-two-bedroom-housing-wage-ny-by-metro/
NLIHC. (2025). Hourly wages needed to afford a two-bedroom apartment in New York, United States from 2021 to 2025, by metro (in U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 21, 2026. /statistics/1256708/us-two-bedroom-housing-wage-ny-by-metro/
NLIHC. "Hourly Wages Needed to Afford a Two-bedroom Apartment in New York, United States from 2021 to 2025, by Metro (in U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 9 Jul 2025, /statistics/1256708/us-two-bedroom-housing-wage-ny-by-metro/
NLIHC, Hourly wages needed to afford a two-bedroom apartment in New York, United States from 2021 to 2025, by metro (in U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1256708/us-two-bedroom-housing-wage-ny-by-metro/ (last visited July 21, 2026)
Hourly wages needed to afford a two-bedroom apartment in New York, United States from 2021 to 2025, by metro (in U.S. dollars) [Graph], NLIHC, July 9, 2025. [Online]. Available: /statistics/1256708/us-two-bedroom-housing-wage-ny-by-metro/
