Homeownership isn’t for everyone. Some, including many young adults, simply don’t have the money for a down payment on a house. Others covet the flexibility of renting, which makes it easy to move across town for a better apartment or cross-country for a better job.
Renting is an especially popular option in big cities, where career, social and educational opportunities tend to be clustered and populations tend to be more transient.
in a 2013 census, here are the top 10 cites most affordable to renters:
1: Raleigh, NC - Average monthly rent: $640
Renter population: 31.8% (132,947 out of 417,485 households)
Median household income for renters: $34,567
Cost of living: 7.4% below the national average
Rental vacancy rate: 11.7%
2: Las Vegas, NV - Average monthly rent: $776
3: Dallas, TX - Average monthly rent: $813
4: Tulsa, OK - Average monthly rent: $600
5: Birmingham, AL - Average monthly rent: $685
6: Austin, TX - Average monthly rent: $983
7: Memphis, TN - Average monthly rent: $711
8: Dayton, OH - Average monthly rent: $763
9: Omaha, Neb - Average monthly rent: $674
10: Richmond, VA - Average monthly rent: $883
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