The 15 best US cities for renters right now, ranked by incomes, rents, and quality of life
this year. The personal finance company analyzed data from the US Census Bureau, Zillow, and more to compare key indicators of affordability, rental attractiveness, and quality of life in more than 180 markets across the US.
The study weighed factors including rents, their annual price growth, employment opportunities, and the cost of living in each metro. Cities aren't ranked by cheapest rents.and California — which had a strong showing in the top 15 — are seeing a greater benefit to renting than their peers living in other parts of the US.
It might be surprising, but even San Francisco ranked in the top 15. Jill Gonzalez, an analyst at Wallethub, said that while rents are expensive in the Golden City, its generally high incomes help balance out its affordability. "We looked at two things here: rental market affordability and quality of life. And within those categories, there are several other metrics," Gonzalez told Insider."San Francisco, although rent is very high, income is also very high. So when you're actually looking at rental affordability, that is calculated not only by sheer rent, but then dividing that by median annual household income. So that number is actually not that disappointing.
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