With rent payments taking up as much as 33% of the median income in some cities, the personal-finance website WalletHub today released its report on the Cities With the Most Affordable Rent to highlight where people can find the biggest financial reprieve.
To determine the cities where rent is the most affordable, WalletHub analyzed the median annual gross rent in more than 180 cities, then compared it to the median household income.
| Lowest % of Income Spent | Highest % of Income Spent |
| 1. Bismarck, ND (15.34%) 2. Sioux Falls, SD (15.95%) 3. Cheyenne, WY (16.09%) 4. Cedar Rapids, IA (16.36%) 5. Fargo, ND (16.65%) 6. Charleston, WV (16.70%) 7. Casper, WY (16.72%) 8. Overland Park, KS (16.81%) 9. Juneau, AK (17.45%) 10. Anchorage, AK (17.76%) | 173. Jackson, MS (28.25%) 174. Oceanside, CA (28.26%) 175. Birmingham, AL (28.31%) 176. Orlando, FL (28.58%) 177. Bridgeport, CT (29.80%) 178. Glendale, CA (29.84%) 179. Detroit, MI (31.35%) 180. New Haven, CT (32.18%) 181. Newark, NJ (32.96%) 182. Miami, FL (33.48%) |
To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/cities-with-the-most-affordable-rent/147756
