A new study by WalletHub shows that Seattle and Tacoma are not the places to find cheap rent with a high quality of life.
Can you imagine just paying 15% of your income on rent? If you’re OK with living in Bismarck, N.D., that dream can be a reality.“Despite its vibrant job market and appealing quality of life, the high rental costs make affordability a significant hurdle for many,” Cassandra Happe, an analyst with personal finance site“In stark contrast, Tacoma ranks much lower at 179th, making it one of the least favorable cities for renters,” Happe said.
This data is all part of a study released this week by personal finance site WalletHub. In order to determine the best local rental markets, WalletHub compared 182 cities — including the 150 most populated U.S. cities, plus at least two of the most populated cities in each state — across two key dimensions: “Rental Market & Affordability” and “Quality of Life.”
Along with Bismarck, the best cities in the top 10 include Overland Park, Kan.; Scottsdale, Ariz.; Sioux Falls, S.D.; Lewison, Maine; Chandler, Arizona; Fargo, N.D.; Gilbert, Ariz.; Huntsville, Ala.; and Lincoln, Neb.Along with Tacoma, the bottom five include Memphis, Tenn.; Detroit Mich.; Cleveland, Ohio; and Jackson, Miss.“In summary, while both cities offer unique qualities and opportunities, Seattle provides a better quality of life and job market for those who can afford it,” Happe said.
As the summer sun warms the Puget Sound area, the Seattle All-Star Classic celebrity softball game is gearing up for its third inning.The Seattle Storm, a powerhouse in the WNBA, is celebrating its 25th anniversary and is continuing to help kids in need through Treehouse.The Museum of Pop Culture invites you to experience pop culture like never before with its new exhibition"Massive: The Power of Pop Culture.
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