A new study shows Americans have an average of 60% of their income left after rent. But which markets are the best for renters?
RefiGuide.org today released a study on the 50 Most Affordable Rental Markets in America for 2020 using the latest data from the Bureau of Labor Statistics on median annual wages and rental value data from real estate marketplace Zillow.
Here are several key national findings and the full list is below:
- 10 most affordable markets are: Danville, Bloomington, Johnstown (PA), Kokomo (IN), Portsmouth (NH), Springfield, Carbondale-Marion, Jefferson City (MO), Saginaw (MI) and Springfield (OH).
- The Midwest was the most well-represented region, accounting for 29 of the 50 most affordable markets. Only one Western city was on the list, while the South had 15 and the Northeast five.
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