WalletHub did a study of rent costs in 180 cities throughout the United States. Real Estate News reported the results on April 16. If you are looking to move – and rent – here is some data that may be of interest:
5 cheapest cities to rent as a percentage of median income:
- Bismarck, ND 15.34%
- Sioux Falls, SD 15.95%
- Cheyenne, WY 16.09%
- Cedar Falls, IA 16.36%
- Fargo, ND 16.65%
5 most expensive cities as a percentage of median income:
- Miami, FL 33.48%
- Newark, NJ 32.96%
- New Haven, CT 32.18%
- Detroit, MI 31.35%
- Glendale, CA 29.84%