Loners

left-of-center2012

(34,195 posts) Wed Jul 24, 2019, 04:47 PM Jul 2019

2019's Best & Worst Places to Rent in America

Last edited Wed Jul 24, 2019, 05:21 PM - Edit history (1)

I’m posting this to the ‘Loners’ group as I am a loner and finding affordable places to live on my Social Security is always an issue,
with me wondering if there may be a better/cheaper place to move to.

Homeownership isn’t for everyone. Roughly 43 million American households have to rent rather than buy their homes because of convenience, cost or both. But renting isn’t always a cheaper or better alternative to owning a property.

One reason this is such an important decision financially is that rental prices have soared over the years, jumping 2.7% in the past year alone. And with demand for affordable housing exceeding supply, more than one-quarter of all renters – 11 million people in total – spend more than 50 percent of their income on housing. They are classified as “severely cost-burdened” by federal housing agencies as a result.

Like home prices, however, rental rates can vary significantly by region, state or city. And in some places, renting will prove to be more cost-effective and a better overall value than owning.

To rank by rent affordability, click on the heading for the column marked “Rental Market & Affordability”

Full article and ranking of 182 cities at : https://wallethub.com/edu/best-cities-for-renters/23010/