Arizona Cities Among Best For Renters

With family moving season historically peaking in July and the share of U.S. renter households increasing in 2015 to more than 36 percent — the highest since the 1960s — the personal-finance website WalletHub conducted an in-depth analysis of 2016’s Best & Worst Cities for Renters.

Arizona dominates not only the Top 10 but has 8 cities in the top 13 (61.5%) of this survey. While Tucson is last of the Arizona cities but is tied for first place in the catagory of most paid – relocation jobs per labor-force participants.

To help prospective renters get the most bang for their buck, WalletHub’s analysts compared the 150 largest cities based on their rental attractiveness and quality of life. In making such a comparison, WalletHub examined each city across 15 key metrics, ranging from historical rental-price changes to cost of living to jobs availability.

Best Cities for RentersWorst Cities for Renters
1Scottsdale, AZ141Los Angeles, CA
2Overland Park, KS142Moreno Valley, CA
3Chandler, AZ143Baltimore, MD
4Tempe, AZ144Buffalo, NY
5Gilbert, AZ145Santa Ana, CA
6Plano, TX146Philadelphia, PA
7Las Vegas, NV147Detroit, MI
8Peoria, AZ148New York, NY
9Phoenix, AZ149Hialeah, FL
10Tampa, FL150Oakland, CA

Best vs. Worst

  • Gilbert, Ariz., has the highest rental-affordability index, 89.15, which is four times higher than in Hialeah, Fla., the city with the lowest, 23.97. 
  • Little Rock, Ark., has the highest rental vacancy rate, 17.3 percent, which is seven times higher than in San Jose, Calif., and Portland, Ore., the cities with the lowest, 2.5 percent.
  • Newark, N.J., has the highest percentage of renters, 77.7 percent, which is four times higher than in Port St. Lucie, Fla., the city with the lowest, 22.2 percent.
  • New York has the highest cost-of-living index, 200, which is three times higher than in Laredo, Texas, the city with the lowest, 75.
  • Irvine, Calif., has the lowest number of violent crimes per 1,000 residents, 0.49, which is 40 times higher than in Detroit, the city with the highest, 19.89.

For the full report and to see where your city ranks, please visit:
https://wallethub.com/edu/best-cities-for-renters/23010/