Valentine’s Day may be lonely for the singles on the market, however right here’s an upside: In some cities, renting a studio by your self may prevent sufficient cash to place towards discovering “the one.”
A brand new report from RentHop ranks probably the most and least inexpensive locales for singles by evaluating the median record worth of a studio condo in opposition to the median “nonfamily” revenue within the 50 most populous U.S. cities to seek out the price of hire in every as a proportion of revenue. (Information was taken from the RentHop platform and the U.S. Census Bureau. Whereas many singles can afford a bigger condo, the price of a studio was used as a benchmark.)
Singles in search of probably the most inexpensive metropolis want look no additional than Wichita, Kan., the place the median hire for a studio in 2024 was simply $590. Wichita singles earn a median revenue of $39,336, which means solely 18 % of their paycheck goes to hire. Up subsequent was Columbus, Ohio, the place the median studio hire of $878 amounted to round 21 % of the median single’s revenue, adopted by Minneapolis, equally priced.
Seattle, coming in fourth, had a better median studio hire, at $1,495. However singles there earn a medium revenue of $85,653, the fifth highest amongst residents within the 50 greatest U.S. cities, so singles there additionally pay about 21 % of their revenue on hire.
In case you’re single in a significant metropolis, paying hire and having fun with the nightlife shall be more difficult. New York Metropolis was the costliest metro for singles within the research, which is dangerous information for anybody arriving alone to one of many metropolis’s tried-and-true sizzling spots. Singles shell out a median of $3,375 to hire a studio in New York, or almost 68 % of their median revenue of $59,947.
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