A new analysis finds that residents in Glendale and Oceanside, California spend the greatest percentage of income on rent among large cities in the state.
WalletHub compared 182 U.S. cities, including the 150 most populous plus two of the most populated cities in each state. It used median annual household incomes and median annual gross rents to determine the most and least affordable cities for leasing.
Among the 10 most affordable cities, none are in California. They are:
1. Bismarck, ND (15.34% of income spent on rent)
2. Sioux Falls, SD (15.95% of income spent on rent)
3. Cheyenne, WY (16.09% of income spent on rent)
4. Cedar Rapids, IA (16.36% of income spent on rent)
5. Fargo, ND (16.65% of income spent on rent)
6. Charleston, WV (16.70% of income spent on rent)
7. Casper, WY (16.72% of income spent on rent)
8. Overland Park, KS (16.81% of income spent on rent)
9. Juneau, AK (17.45% of income spent on rent)
10. Anchorage, AK (17.76% of income spent on rent)
Fremont, California comes closest. Residents there spend 19.77% of their income on rent, making it the most affordable city that WalletHub analyzed in the Golden State.
The 10 least affordable cities nationwide are:
173. Jackson, MS (28.25%)
174. Oceanside, CA (28.26%)
175. Birmingham, AL (28.31%)
176. Orlando, FL (28.58%)
177. Bridgeport, CT (29.80%)
178. Glendale, CA (29.84%)
179. Detroit, MI (31.35%)
180. New Haven, CT (32.18%)
181. Newark, NJ (32.96%)
182. Miami, FL (33.48%)
See the full list and methodology here.
Lists and data were compiled by WalletHub and do not reflect statistics on all cities.