Provo is ranked #1 most affordable city for renters in the Nation! With rent rising steadily across the country, in many cases renting is no longer an affordable alternative to home buying. As rents climb, many families decide that they’re neither prepared nor interested in making the leap to homeownership. Fortunately, it is still possible to find affordable apartments in a number of U.S. cities.
According to SmartAsset, the average fair market price of a two-bedroom apartment in Provo has decreased by 10.8% since 2015, making it the most affordable city for renters. Median annual housing costs in Provo are $9,504. Since the median household income is $42,113, it’s possible for residents in the city to spend just 22.6% of their income on housing.
With a very low unemployment rate, for the most part anyone moving to Provo can expect to find plenty of career opportunities, particularly in the tech and healthcare sectors. The city also ranked as one of the best cities for working parents.
Check out more of the ranking here: https://smartasset.com/mortgage/most-affordable-cities-for-renters