Michigan Has the Worst City for Average Price-to-Rent Ratio in America
The cost of renting and buying a place to live has been going up the past several years. But, there are still some cities that are a steal when it comes to renting costs. That’s good news if you’re looking to rent an apartment and either aren’t ready to buy or don’t have the funds right now. Unfortunately, one Michigan city is among the worst in America when it comes to renting. It’s even the worst city for average price-to-rent ratio in America.
Lemonade.com has put out a list of the best cities for renters in America. They note, “When deciding where to relocate, it’s easy to focus on factors like jobs, climate, and the local arts and culture scene. But you may want to consider less obvious or flashy factors like rental availability, monthly utility costs, and renter protection laws, as these critical factors vary widely across the country—and can have a real impact on your quality of life.” As for methodology, for the study, they “analyzed and ranked the 50 most populous U.S. cities across 11 categories.” They also “scored each city based on three weighted main categories: cost of rent (50% of total score), how robust renters’ rights are (30% of score), and availability of rental units (20% of score).”
Before we get to our state, let’s look at the No. 1 city in America for renters. It’s Washington D.C., with a cost rank of 14, renters’ rights rank of 4 and availability of 2. Minneapolis, Minnesota, is No. 2 and Albuquerque, New Mexico, is No. 3. Rounding out the top five is Long Beach, California, at No. 4 and Mesa, Arizona, at No. 5. I’m surprised about Long Beach, as I would think it would be expensive.
Michigan Has the Worst City for Average Price-to-Rent Ratio in America
So, what about Michigan? Detroit is the absolute worst city for average price-to-rent ratio in America, according to this study. It’s also the second worst when it comes to the percentage of vacant housing units for rent. Not the best news, but I love the Motor City. Find the full list here.
5 High-Demand Jobs Heating Up Michigan's Market
General & Operation Managers
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The projected annual job openings amount to 6,545, offering an hourly wage spanning from $29 to $72. Anticipated growth from 2020 to 2030 stands at 11.9%. The usual educational and training prerequisites beyond high school for this role include a bachelor’s degree alongside relevant work experience.
Heavy & Tractor-Trailer Truck Drivers
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The projected annual job openings amount to 7,635, offering an hourly wage spanning from $19 to $29. Anticipated growth from 2020 to 2030 stands at 12.7%. The usual educational and training prerequisites beyond high school for this role include a postsecondary nondegree award, short-term on-the-job training, or a license.
Sales Reps, Services, and Non-Technical Goods
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The projected annual job openings amount to 8,240, offering an hourly wage spanning from $21 to $40. Anticipated growth from 2020 to 2030 stands at 9.6%. The usual educational and training prerequisites beyond high school for this role include moderate on-the-job training.
Registered Nurses
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The projected annual job openings amount to 6,345, offering an hourly wage spanning from $30 to $38. Anticipated growth from 2020 to 2030 stands at 7.9%. The usual educational and training prerequisites beyond high school for this role include a bachelor’s degree or s license.
Child, Family, & School Social Workers
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The projected annual job openings amount to 1,420, offering an hourly wage spanning from $19 to $30. Anticipated growth from 2020 to 2030 stands at 12%. The usual educational and training prerequisites beyond high school for this role include a bachelor’s degree or s license.
