At RentHop, we pay a lot of attention to rents across the nation (and we’re building some great new tools to help you analyze them). To help you understand better some of the personal finance issues related to paying rent, we’ve partnered with Moven and SmartAsset, two leaders in the personal finance field, to give you some helpful advice. We’re helping renters answer the question: Should I rent or buy?
Current SmartAsset and Moven Opinions
Today SmartAsset posted an article on the diverse rental economies in four major cities – New York, Boston, Chicago and Los Angeles. The article looks at average rents in those cities and provides both helpful data and important concepts to consider. Meanwhile, Moven has created an infographic showing some of the key factors you should consider when making the rent vs. buy decision. We’ve excerpted the infographic below for your reference.
Editor’s Note: Current renters in 2024 can use RentHop’s average rent pages to observe dynamic trends in their area.
Tomorrow, watch this space for our article on the comparative costs of living across New York’s boroughs. While the article focuses on data from New York, the conclusion holds true elsewhere. You may be surprised by the myriad ways in which your location determines your expenses!
Moven Infographic
Moven’s infographic breaks down some important figures to consider when determining whether to rent or buy.
Editor’s Note: We updated this article to enhance readability.
