Where Rent is Low – and High

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:

1. Bismarck, ND      15.34%
2. Sioux Falls, SD    15.95%
3. Cheyenne, WY     16.09%
4. Cedar Falls, IA    16.36%
5. Fargo, ND            16.65%

5 most expensive cities as a percentage of median income:

1. Miami, FL             33.48%
2. Newark, NJ          32.96%
3. New Haven, CT   32.18%
4. Detroit, MI           31.35%
5. Glendale, CA       29.84%