Dissecting U.S. Census Bureau data, apartment search website RENTCafé did a study of the 100 biggest cities in the nation, comparing average incomes to rental rates to determine the most affordable U.S. cities to live in. Three north Texas cities – Plano, Irving, and Garland – were in the top 15 best cities for renters according to the findings, with residents keeping on average up to $43,000 after all living costs. Dallas and El Paso, on top of Austin and San Antonio, also showed impressive income to rental price ratios. Speculating on ATTOM Data Solutions’ 2017 Rental Affordability Report, Marcus Hiles explained that in Dallas/Fort Worth, renting is already more affordable than owning a home, a trend that looks to continue in 2017 as mortgage rates and home prices continue to rise. Other Texas metros landing in the top 50 were Houston, Corpus Christi, and Fort Worth, with citizens spending just over 30 percent of their monthly income on housing.
Marcus Hiles Notes Texas’ Role In Affordable Living, Job Market
Tags: Dallas Fort Worth Hiles Marcus D. Hiles Marcus Hiles Marcus Hiles 2015 Marcus Hiles Austin Marcus Hiles Contributions Marcus Hiles Fort Worth Marcus Hiles house Marcus Hiles Houston Marcus Hiles Las Vegas Marcus Hiles net worth Marcus Hiles Pepperdine Marcus Hiles Wine Collection Marcus Hiles-San Antonio Texas Western Rim
- Marcus Hiles: The Top Cities to Work for Tech is Led by Those in Texas
- Austin, Texas Still Ranks a Top Place to Live in 2019
- Marcus Hiles: Texas Ranks as An Affordable Place to Live for Singles in 2019
- DFW’s Economic Success Crosses into The Metro’s Surrounding Suburban Areas
- Property Values in Texas Still Highlight a Seller’s Market