Valentine’s Day could 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 essentially the most and least reasonably priced locales for singles by evaluating the median listing value of a studio residence in opposition to the median “nonfamily” revenue within the 50 most populous U.S. cities to seek out the price of lease in every as a proportion of revenue. (Knowledge was taken from the RentHop platform and the U.S. Census Bureau. Whereas many singles can afford a bigger residence, the price of a studio was used as a benchmark.)
Singles searching for essentially the most reasonably priced metropolis want look no additional than Wichita, Kan., the place the median lease for a studio in 2024 was simply $590. Wichita singles earn a median revenue of $39,336, which means solely 18 p.c of their paycheck goes to lease. Up subsequent was Columbus, Ohio, the place the median studio lease of $878 amounted to round 21 p.c of the median single’s revenue, adopted by Minneapolis, equally priced.
Seattle, coming in fourth, had a better median studio lease, at $1,495. However singles there earn a median revenue of $85,653, the fifth highest amongst residents within the 50 greatest U.S. cities, so singles there additionally pay about 21 p.c of their revenue on lease.
Should you’re single in a serious metropolis, paying lease and having fun with the nightlife can be more difficult. New York Metropolis was the costliest metro for singles within the examine, 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 lease a studio in New York, or almost 68 p.c of their median revenue of $59,947.
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