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To find the most affordable ZIP codes for renters, CashNetUSA compared the average household incomes and annual rent costs in each U.S. ZIP code, and found the areas where rents cost the lowest ...
According to their analysis, here are the top 20 most affordable U.S. cities for renters, based on average rent in ascending order: Buffalo, New York: $1,282 Milwaukee, Wisconsin: $1,311
Its rental prices are super entry-level salary friendly, with the average rent for a studio apartment coming in at $604, a one-bedroom going for $776 and you can snag a two-bedroom for $851.
The average rent in the United States was $1,713 a month as of March 2024, according to RentCafe. That represents about 35% of the nation’s median monthly earnings of $4,953 — above the 30% ...
The analysis found that of the 50 most populous metros, rent is only affordable for median-income earners — meaning the median rent costs 30% of their income or less — in five cities.
The term "affordable housing" refers to housing that is considered economically accessible for individuals and families whose household income falls at or below the Area Median Income (AMI), as evaluated by either national or local government authorities through an officially recognized housing affordability index. [3]
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