To determine which housing markets were the most renter-friendly, both in terms of affordability and space offered, CashNetUSA compared the average salaries in America's biggest cities and weighed them against the average local rental prices. Key Takeaways:There are 13 cities in America where nine out of ten rental properties can be afforded on the average salary. The average salaries in Miami priced out renters the most in the US, leaving them with just 7.7 percent of options within budget, the lowest amount in the country. Six of the top 10 cities that offer the least average rental size are in the Golden State. They include: Santa Ana (average size of a rental is 473 sq-ft), San Francisco (490 sq-ft), San Diego (523 sq-ft), Chula Vista (527 sq-ft), Oakland (573 sq-ft) and Long Beach (589 sq-ft).
Source: New York Times September 21, 2023 09:57 UTC