- Finding a reasonable prices It can be a challenge for anyone – but especially for new university graduates who usually get a lower salary. However, RealTor.com has released the list of the best markets for the best markets for new university graduates based on average rental costs, unemployment rates, transportation times, and many other factors.
Thanks to the definitions and inflation, everything feels largely as if it was more expensive. Meanwhile, housing costs have increased steadily since the epidemic: the rent has increased by about 30 %, according to Corelogic.
As of May 25, The average monthly rent in the United States is 2100 dollarsAccording to ZillowBut the average salary exceeds $ 63,000, Sufi data He appears. This means that some Americans spend about 40 % of their income on rent every month, which is higher It is recommended 30 %.
This can be particularly delusional for new university graduates who are likely to make or less than the average American salary. In fact, a Bank of America The report showed General Zires is the most pressure generation Through higher rents. But there are still many cities that can be within the reach of people who have just obtained their testimony. plus, The ability to bear the costs began to improve With the decrease in the rents in some markets.
Tuesday, RealTor.com A list of cities described by the “friendly rental markets for merchants” has released based on factors such as rental rates to income, rental rates, the number of jobs appropriate for new university graduates, unemployment rate, and average movement of navigation. The cities that made the list reach the coast almost to the coast.
“These markets are not just reasonable areas with relatively more abundant rental options, they are full of energy, opportunities and a sense of society, and everything can want a modern graduate,” Daniel Heil, chief economist in RealTor.comHe said in a statement.
Austin, Texas, ranked first with the lowest rental rate to an income of 18.9 %-which means that tenants spend their income less on rent every month. Austin has also been rated well due to a high share of jobs that require a Bachelor’s degree but there is no previous experience. RealTor.com classification It also takes into account the employment index, which tracks job opportunities for prenatal levels.
The 10 best cities for new university graduates, according to the RELTOR.com classification, are as follows, along with its average rent:
- Austin, Texas ($ 1504)
- Rally, North Carolina ($ 1524)
- Overland Park, can. ($ 1,351)
- Minnabolis, Lee. ($ 1528)
- Saint Louis, Mo ($ 1,335)
- Richmond, Virginia ($ 1502)
- Pittsburgh, Pennsylvania. (1461 dollars)
- Scottsdale, Ariz ($ 1530)
- Richardson, Texas ($ 1,472)
- Atlanta, Georgia. ($ 1604)
According to RealTor.com, tenants can save 7 % by renting in these markets, which contains twice the number of new graduates compared to the best 50 meters across the United States
However, not all of these lease markets are perfect in any standard.
“While these cities are generally classified in general, many still have strengths and weaknesses that require potential tenants to consider the bites between the availability of rents and the ability to withstand costs, the strength of the employment market, and the access to the lifestyle,” according to RealTor.com
On the other end of the spectrum, the last Moody’s Cre analyzes have been collected existing Subordinate Most cities of praise In the United States, which is not surprising, the list included New York, Miami, Los Angeles and Boston. Tenants can expect to spend more than 30 % of their income every month on rent in those cities.
In addition, a study conducted by the Selfing Financial August Personal Financial Technology Company found The model American tenant can expect to pay more than $ 333,000 During their time as a tenant, including bills or additional expenses. Use the Zillow data analysis to calculate the average monthly rent and facilities by the state, and RENTCAFE data for the average benefit costs, and Ansure.com For rented insurance estimates. The study assumes that people start leasing at the age of 22 and buy their first home in 35 years.
But at this stage, tenants can expect to spend more, taking into account the young generations Delaying major life features Like marriage and buying a house.
“The delay in the formation of the family will keep people as tenants for longer period Sotheby’s International Realty In New York, it was previously narrated luck.
This story was originally shown on Fortune.com
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