Cities with the lowest rental prices in the United States

A recent WalletHub study has revealed which US cities offer the most affordable options, with Miami being one of the most expensive.

The aforementioned report reveals that, according to research conducted in 182 cities, Miami ranks lowest in rental affordability. Here, more than 33% of a household's annual median income goes solely to cover rent.

The study reveals that in Miami, the median annual rent is $19,884, while the median household income is $59,390. Consequently, 33.48% of income is spent solely on housing, significantly exceeding the suggested limit of 30%.

This disparity according to WalletHub It restricts households' ability to save money and hinders their ability to establish an emergency fund or aspire to homeownership in the future.

If you want to discover the cheapest rental options in the U.S., consider exploring the northwest part of the nation, specifically in colder areas that are far from coastal regions, he advises.

In the ranking, Bismarck, North Dakota, takes the top spot, with a rent-to-income ratio of 15,34%.

Next comes Sioux Falls, South Dakota, with 15,95%, Cheyenne, Wyoming, with 16,09%, followed by Cedar Rapids, Iowa, with 16,36%. Fargo, North Dakota, follows with 16,65%, while Charleston, West Virginia, has a rate of 16,70%. Casper, Wyoming, with 16,72%, Overland Park, Kansas, with 16,81%, Juneau, Alaska, with 17,45%, and finally, Anchorage, Alaska, in tenth place with a rate of 17,76%.

While the cost of living in these urban areas is lower, they have unique characteristics: fewer residents and a significantly cooler climate.

A great opportunity for people who value economic security more than environmental issues, these urban areas represent a significant opportunity to improve their standard of living.