Cincinnati was ranked the highest amongst most affordable United States cities for renters living alone, according to a study which compared 100 large cities nationwide.
SmartAsset, a financial-advice company analyzed the cities in question based on five metrics of criteria; “the percentage of housing units with fewer than two bedrooms and the average price of these, median earnings for full-time workers, unemployment rate, and cost of living,” according to Business Insider. Cincinnati ranked number one for cities most affordable to solo renters for the fourth year in a row.
“Average rent for a one-bed unit is $612 per month, the fifth-lowest of the 100 cities in the study, and it has a relatively low cost of living at $22,721 per year, putting it in the top ten, SmartAsset said.” Business Insider’s Liz Knueven said her grocery bills were nearly sliced in half when she moved from Seattle to Cincinnati, while dining out and taking public transportation also became a lot cheaper, as well.
Cincinnati also came in the top 20 for its April 2021 unemployment rate, at 4.6%, and the proportion of occupied housing units that have fewer than two bedrooms, at just over 28%, per SmartAsset’s report.
ARTICLE: ETHAN FINN
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: WDRB.COM
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