From SmartAsset.com….
The nationwide median monthly rent in 2019 was $934 for a studio apartment and $953 for a one-bedroom, according to Census Bureau data. This can add up to anywhere between about $11,200 and $11,400 per year for solo renters.
Living with a roommate is a common alternative to save money, but some residents may prefer to live alone. The good news is that depending on the city, living alone won’t break your budget. With this in mind, SmartAsset identified and ranked the top cities where renters can afford to live alone in 2021.
In this study, we compared the 100 largest U.S. cities across five metrics: average rent for a unit with fewer than two bedrooms, percentage of housing units with fewer than two bedrooms, median earnings for full-time workers, cost of living and unemployment rate.
For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below.
