Charts
Where in the US Has Rent Become Most (and Least) Affordable?
The pandemic saw a large shift in many aspects of daily life with many people completely shifting their entire location as well. Texas saw the largest increase in new residents by far with tens of thousands moving to Kaufman, Comal and Rockwall county. Florida was another state that saw a large increase of new folks in the neighborhood. Many of these people citing job loss, unhappiness with their states representatives in government and cost of living as their reasons for moving. Rent and mortgage rates have played a large roll also in where residents are leaving and flocking to and who can blame them? A NYC one bedroom apartment averages close to $4,000 a month where as a one bedroom in El Paso Texas averages around $810 per month. This great chart from Housinglist.com shows where in the US Rent is the most and least affordable.
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You may already know the outrageous cost of living in NYC, Miami, Boston and LA, but did you know Tampa, Florida, Detroit, Michigan and Rochester, New York will cost you above average in rent? Rochester only has a median income of $37,395 and median rent for a one bedroom there is just over $1200 per month making their percentage of household income going to rent for the year almost 36%. To compare, if you want to rent a one bedroom in Wichita Kansas it will only cost you under $700 or just 15.49% of household income for the year. Where would you choose to live on this map? Are you seeing these prices reflected in your area?