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To Rent……or Own? Which Cost More?

Getty Images/Julie Denesha / Stringer

The study finds median rent prices in 90 cities across the U-S are higher than a basic affordability threshold for middle-income families.
Keep in mind, the study is looking not at where rents are highest, but where they’re becoming least affordable based on local incomes. Rent and utilities are traditionally considered affordable when they consume 30 percent or less of a household’s income. But in 90 cities nationwide, median rent alone –so not even including utilities– tops 30 percent of the median gross income.

10. New York
9. Santa Rosa, CA
8. San Luis Obispo, CA
7. Salinas, CA
6. San Francisco
5. San Diego
4. Santa Cruz, CA
3. College Station, TX
2. Miami
1. Los Angeles

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