All across the country, millions of people are working to pay rent. Sometimes it seems like most of your paycheck can go towards housing. If that sounds like you, you aren’t alone. Here are the 25 cities you need to work the most in order to pay rent.
Thanks to data provided by Smartasset.com, we can now determine the cities where people work the most just to pay rent. The results aren’t too surprising.
California… and a few other places. Unsurprisingly, the cities on this list represent some of the largest in the country. Los Angeles, Boston, New York, etc. California is the real winner with four cities in the top 10.
What isn’t surprising is that large cities tend to have a higher cost of living. As the saying goes in real estate: location, location, location. Rents vary widely around the country as well. However, this list looked simply at work hours to pay that rent relative to the area.
The complete list of the top 25 cities where people are working to pay rent is below. Also from Smartasset.com
Other Key Takeaways
The mid-west seems to represent the best deal for residents. As far as major cities go, cities like Columbus and Indianapolis fare best. Detroit, Michigan and Philadelphia, PA are also decent choices.
In these cities, residents generally only need to work 1-2 weeks out of the month to cover their rent. That may seem high, but consider the number one on this list, San Jose. A San Jose resident paying an average rent ($1,919 a month; itself rather high) would need to work nearly 90 hours just to cover rent. And that’s assuming an hourly wage over $20.00.
You’re better off in Philadelphia where you’ll work nearly 30 hours less to pay rent. Of course, everything is relative.
That’s why City vs City doesn’t look at averages and medians when it comes to finding out YOUR real cost of living. Our app examines your after-tax income, savings, expenses, and even all major state and local taxes.
Using our patent-pending technology, we determine the true cost of living in your city. Interested in moving elsewhere? We then compare that data against another zip code of your choosing. The result? We stack up both cities side by side and see which one wins out.
If you’re looking to pick up and move to a city with a lower cost of living, Download the City vs City App today and see which city wins out.