Renters juggle big cities’ high costs vs. opportunity, livability
June 1, 2022 at 12:48 p.m.
Renter hubs pay 30% more, too, averaging $57,999 vs. $44,653 where renters are rarities. Recent job growth in renter hubs averaged 5.9% vs. 4.7% in renter rarities, however, unemployment was higher in renter hubs averaging 6.6% vs. 5.4% in where renters are rare. Additionally, there’s a higher livability factor in renter hubs. RentCafe’s quality-of-life index shows the average rating of renter hubs topping 66% of all markets vs. only 52% where renters are rare.Apartments average 797 square feet in living space in these markets vs. 882 square feet where renters are rarities — that’s 10% less room.
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