Posted in Blog  
  on May 14, 2013

Most Expensive and Cheapest Rental Markets in the United States

Most Expensive and Cheapest Rental Markets in the United States

The Rental Market Around the U.S.


As people relocated from coast to coast, or any state in between, the rental market is priced at various cost levels. Here is a look at some of the most expensive and least expensive states to live around the United States.

Top 5 Most Expensive States


1. California
2. Hawaii
3. New Jersey
4. New York
5. Maryland/Washington D.C

Top 5 Least Expensive States


1. Arkansas
2. West Virginia
3. South Dakota
4. Mississippi
5. Kentucky

Least to Most Expensive City to Live



Greensboro, NC
Ranked 12 out of 50 and considered one of the most financially sound in the nation, Greensboro is also considered one of the best cities to spend the holidays. Their cost of living is 3.1% lower than the national average.

Avg Wage to Afford 2 Bedroom: $12.56
Avg Cost per Month for 2 Bedroom: $653.00

Cincinnati, OH
This area is most known for its low rate in divorce at just 12% compared to the national average of 41%. Over half of the population has completed some college with a 20 minute median commute for residents.

Avg Wage to Afford 2 Bedroom: $13.90
Avg. Cost per Month for 2 Bedroom: $723.00

Lansing, MI
With a cost of living that is 18.3% lower than the national average, this town is considered one of the most environmentally friendly locations in the US. Lansing ranks in the 33rd spot out of 100 and has the historical landmark Lansing Potter Park encompassing over 100 acres and a 58 acre zoo hosting over 500 animals.

Avg Wage to Afford 2 Bedroom: $14.23
Avg Cost per Month for 2 Bedroom: $740.00

Grand Rapids, MI
This city is considered one of the top 25 manliest places to live with a metropolis proclaimed as a city on the edge of greatness. Their cost of living is over 16% lower than the national average.

Avg Wage to Afford 2 Bedroom: $14.31
Avg Cost per Month for 2 Bedroom: $744.00

Spokane, WA
Considered one of the best states to avoid natural disasters, Spokane has been voted as one of the most secure places to live. Of all the green areas in the nation, this city is one of the cleanest.

Avg Wage to Afford 2 Bedroom: $14.52
Avg Cost per Month for 2 Bedroom: $755.00

Raleigh, NC
Within the last decade, the population of this city grew by 37.69% with an unemployment rate below the national average at 6.7%. The average household income is $56,150 annually.

Avg Wage to Afford 2 Bedroom: $16.33
Avg Cost per Month for 2 Bedroom: $849.00

Tucson, AZ
This city offers clear skies 53% of the year with only 7.6% of people having a 45 minute or longer commute. There are also over 1,500 restaurants to choose from.

Avg Wage to Afford 2 Bedrooms: $16.54
Avg Cost per Month for 2 Bedroom: $860.00

Phoenix, AZ
A great location that is central to Las Vegas, Mexico, The Grand Canyon, and Southern California. There are many museums and tours available with high summertime temperatures but very mild winters.

Avg Wage to Afford 2 Bedrooms: $16.73
Avg Cost per Month for 2 Bedroom: $870.00

Portland, OR
With an average income of over $50,000 a year and the median resident age of 35 years old, Portland is considered one of the most livable cities accord to Forbes.

Avg Wage to Afford 2 Bedroom: $17.13
Avg Cost per Month for 2 Bedroom: $891.00

New Orleans, LA
Rated as one of the top five best places for block parties and ranked as one of the most sleepless cities in the US. New Orleans is also known for being extremely popular among single people.

Avg Wage to Afford 2 Bedroom: $18.23
Avg Cost per Month for 2 Bedroom: $948.00

Austin, TX
Rated as the best location for small businesses and top city for food. Additionally, Austin is looked at as the best city for health and fitness.

Avg Wage to Afford 2 Bedroom: $19.02
Avg Cost per Month for 2 Bedroom: $989.00

Sacramento, CA
A redevelopment of downtown has resulted in 30 new restaurants, with an expected 12,000 new housing units. Commonplace activities offered are boating, waterskiing, and fishing.

Avg Wage to Afford 2 Bedroom: $19.63
Avg Cost per Month for 2 Bedroom: $1,021.00

Philadelphia, PA
This city has the lowest tax bracket for state income tax at a mere 3.07%. Hosting over 9,500 restaurants to choose from with a racial diversity index of 353.7, making Philly an extremely diverse city higher than the national average of 100.

Avg Wage to Afford 2 Bedroom: $20.67
Avg Cost per Month for 2 Bedroom: $1,075.00

Seattle, WA
Seattle is rated as the 13th largest metropolitan area with over 3.3 million people. This city offers free bus transport, monorail system, and waterfront trolley to residents and visitors alike.

Avg Wage to Afford 2 Bedroom: $21.12
Avg Cost per Month for 2 Bedroom: $1,098.00

Newark, NJ
With a cost of living that is 18.5% higher than the national average, this population has 32.3% of its population rated as single. Newark is also known for spending $6,941 more on each public school student than the national average.

Avg Wage to Afford 2 Bedroom: $24.79
Avg Cost per Month for 2 Bedroom: $1,075.00

Somerset, NJ
Sustaining an unemployment rate that is 2.1% lower than the national average, the median age for a Somerset resident is 39.8 years old with a cost of living 31% higher than the national average.

Avg Wage to Afford 2 Bedroom: $25.46
Avg Cost per Month for 2 Bedroom: $1,324.00

Washington, DC
This historical location has 31 museums which are all accredited by the American Association of Museums with a 66% population that has completed some college. Washington DC is also extremely diverse in culture and race.

Avg Wage to Afford 2 Bedroom: $28.96
Avg Cost per Month for 2 Bedroom: $1,506.00

Orange County, CA
With a median age of 28 years old, Orange County offers over 7,800 restaurants to choose from with the average household marriage rate being 42.2%.

Avg Wage to Afford 2 Bedroom: $31.77
Avg Cost per Month for 2 Bedroom: $1,652.00

This outline highlights the unique aspects to some of the highest and lowest priced areas around the nation to live. The reputations and costs involved in these areas help to illustrate the varying degrees of lifestyle that exist and broaden your focus before relocating out of state.

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