logo
The 10 best places to live in the US as a renter are all in the South

The 10 best places to live in the US as a renter are all in the South

Business Insider18 hours ago
Go South, young man.
Well, if you're a renter, you might want to at least consider it.
According to a new analysis from research firm RentCafe, the 10 best cities in the US for renters are all in southern states, such as the Carolinas, Florida, Texas, Georgia, and Alabama.
To compile the list, RentCafe considered 20 metrics across three categories: housing affordability, the attractiveness of local economies, and quality of life.
From sources like the Census Bureau and Yardi Matrix, the firm looked at stats like local unemployment rates, average apartment square footage, income growth, how many apartments in the city are new, average commute times, and more.
"The South firmly establishes itself as the top region for renters in 2025, by claiming an impressive 41 of the 50 featured cities," wrote Adina Dragos in the report. "This growing interest is reflected in the region's consistently high rankings in key categories, like cost of living and housing and local economy, with nearly all leading cities securing spots within the top 30 for these criteria."
Below are the top 10 on RentCafe's list. Each city's national housing cost of living ranking, which had a 50% weighting in RentCafe's index, is included. The average apartment square footage and the share of new apartments in the city are also shown.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Baby Boomers Set to Leave Gap in the American Workforce That Young Adults Are Unlikely To Fill
Baby Boomers Set to Leave Gap in the American Workforce That Young Adults Are Unlikely To Fill

Yahoo

time7 hours ago

  • Yahoo

Baby Boomers Set to Leave Gap in the American Workforce That Young Adults Are Unlikely To Fill

Census Bureau data shows that the older adult population in the U.S. is growing faster than the child population, which will likely leave a gap in the labor force. Already, the number of older workers in the labor force is shrinking, as many did not return after the pandemic. That could put the future labor force in danger, as young adults may not plan on having enough children to fill the employee the baby boomer generation—those born between 1946 and 1964—leaves the workplace en masse, and young adults don't plan on having enough kids to replace them, the American labor force could be in danger. The U.S. population aged 65 or older increased by 3.1% from 2023 to 2024. Yet, the population aged 18 or younger decreased by 0.2% during the same time, according to a recent report by the U.S. Census Bureau. Additionally, the number of states where older adults outnumbered Americans under age 18 increased to 11 in 2024 from three in 2020. An aging population can cut into labor-force participation rates, as Americans typically exit the labor force at 62. At the end of 2029, all baby boomers will be 65 or older. As the second-largest living generation after millennials, their exit from the labor market could leave a significant gap between the number of jobs and workers available. Many economists are concerned about future labor shortages because gaps can hinder U.S. economic growth and business competitiveness, which are essential to keeping prices down and wages up. The momentum of the U.S. labor force has slowed in recent decades. Currently, the country needs to add 4.6 million workers annually—about four times the average rate over the last decade—to keep pace with current supply and demand levels, The Conference Board estimates. Labor-force participation drastically dropped across all age groups during the pandemic. However, most groups have returned to or surpassed pre-pandemic levels, except for workers over 55. The participation rate of older workers in March 2025 was about five percentage points, or 2 million workers, lower than its pre-pandemic level, according to The Conference Board. And labor shortages could worsen in the future, as population numbers are likely to decrease. The total number of children the average man and woman aged 29 to 39 planned to have in 2023 dropped to 1.8 from 2.3 in 2012. That is lower than 2.1, the average number of children a person should have for the population to replace itself, according to a government data analysis by the Pew Research Center released in June. An increasing number of younger American adults say they don't want children because they can't afford them. The costs of raising kids, such as paid child care, are rising, with that expense increasing year over year by 3.5% in May 2025, according to the most recent Consumer Price Index (CPI) data. That jump in child-care costs is also stunting present labor-force participation. Many parents, particularly women, cite family responsibilities or the fact that they can't arrange child care as one of the primary reasons they are not looking to join the labor force, according to a Federal Reserve Bank of St. Louis survey published Tuesday. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Republican bailout for blue cities? The Low-Income Housing Tax Credit trap, explained
Republican bailout for blue cities? The Low-Income Housing Tax Credit trap, explained

The Hill

time16 hours ago

  • The Hill

Republican bailout for blue cities? The Low-Income Housing Tax Credit trap, explained

The Republican Party's much-touted 'One Big Beautiful Bill Act' includes a $14 billion bailout for some of America's worst-run cities, all thanks to the proposed expansion of the Low-Income Housing Tax Credit. Doing so would funnel billions more into a program that props up a fundamentally broken housing system without adding the new supply desperately needed to solve the housing crisis. Consider the staggering costs: The average unit covered by this credit costs taxpayers $450,000; in California, it routinely exceeds $1 million per unit. Yet because credit funds are largely allocated to the states based on population, the program attracts bipartisan support. This subsidy is unnecessary for two key reasons. First, in most markets, the private sector already provides affordable housing without taxpayer help. Yardi Matrix data show that in roughly three-quarters of 164 markets studied, market-rate multifamily rents are highly or moderately competitive with so-called affordable, subsidized rents. This proves that the market alone can meet housing needs, when it is allowed to function. Second, where affordability truly lags, the culprit isn't a market failure but a policy failure. The worst affordability crises are in markets in the usual uber-regulated blue states: California, Massachusetts, New York, New Jersey, Rhode Island, Maine and Pennsylvania. In these places, restrictive zoning and excessive regulations choke new supply, pushing rents out of reach. Tellingly, Democrats run nearly all of these non-competitive markets. Some claim expanding the Low-Income Housing Tax Credit could produce 200,000 new 'affordable' units annually. That's a fantasy. Credible research shows the credit does little to add net new supply: Nearly half of its projects are rehabs of existing units, which don't increase the housing stock, while many new developments built with the credit simply crowd out unsubsidized private construction. The Low-Income Housing Tax Credit problems go beyond cost and crowding out. The program's complexity, which runs thousands of pages, enriches lawyers and consultants, not renters. Corruption thrives under minimal federal oversight, as highlighted in a 2023 report from the Government Accountability Office. And a cartel of nonprofits and specialized developers profits handsomely by mastering its bureaucracy, stifling competition and innovation. These issues exemplify the Five Cs that make the credit fundamentally flawed: cost, crowding out, complexity, corruption and cartel. The root cause of housing unaffordability is a lack of supply, created by local regulations that make land scarce and building prohibitively expensive. No subsidy can fix that. Rather than expanding tax credits and entrenching failed policies, Congress should send a clear message to states and cities by defunding this credit. Doing so would redirect efforts toward fixing zoning, freeing the market, and allowing housing supply to meet demand. Meaningful reforms by states and localities are straightforward. First, legalize smaller lots in new subdivisions so builders can construct starter homes. Second, allow existing single-family lots to be subdivided for more cost-effective townhomes, duplexes and triplexes. Third, rezone commercial and industrial land for mixed-use residential development. Fourth, keep regulations simple, short, and clear instead of micromanaging the building process. This approach empowers builders to meet demand, as cities like Houston, Minneapolis, Dallas, Urban Philadelphia, Austin and Seattle show, where deliberate policy choices to allow more construction have kept market rents competitive with subsidized units. Encouragingly, more states and localities are moving in the right direction. Florida, which is facing severe rental affordability challenges in its southern markets, already passed the Live Local Act in 2023 through the Republican legislature, unleashing new market-rate supply in previously tight markets — proof that local reform, not federal bailouts, is the key. And just last month, Texas passed a series of pro-housing bills, following the lead of California, Montana, Oregon and others. It's time for policymakers to abandon the myth that subsidies solve housing shortages and provide affordability. The only real solution is more housing, built by a private sector freed from regulatory shackles. Tobias Peter and Edward Pinto are co-directors of the American Enterprise Institute's Housing Center.

The 10 best places to live in the US as a renter are all in the South
The 10 best places to live in the US as a renter are all in the South

Business Insider

time18 hours ago

  • Business Insider

The 10 best places to live in the US as a renter are all in the South

Go South, young man. Well, if you're a renter, you might want to at least consider it. According to a new analysis from research firm RentCafe, the 10 best cities in the US for renters are all in southern states, such as the Carolinas, Florida, Texas, Georgia, and Alabama. To compile the list, RentCafe considered 20 metrics across three categories: housing affordability, the attractiveness of local economies, and quality of life. From sources like the Census Bureau and Yardi Matrix, the firm looked at stats like local unemployment rates, average apartment square footage, income growth, how many apartments in the city are new, average commute times, and more. "The South firmly establishes itself as the top region for renters in 2025, by claiming an impressive 41 of the 50 featured cities," wrote Adina Dragos in the report. "This growing interest is reflected in the region's consistently high rankings in key categories, like cost of living and housing and local economy, with nearly all leading cities securing spots within the top 30 for these criteria." Below are the top 10 on RentCafe's list. Each city's national housing cost of living ranking, which had a 50% weighting in RentCafe's index, is included. The average apartment square footage and the share of new apartments in the city are also shown.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store