Top Cities Where Renters Could Save The Fastest For A Starter Home
Abstract
Top Cities Where Renters Could Save The Fastest For A Starter Home Renters in Chicago could save $8,916 per year if they downsized their living space. To take things a step further, the apartment search website found the top 50 cities where it would take renters two to five years to save 10% for a starter house by downsizing. Speaking of savings, you wouldn't believe just how much New Yorkers could save per year if they compromised and gave up one bedroom - a whopping $20,000, the biggest yearly savings among the cities analyzed. For renters in Jackson, Mississippi, saving up for a down payment on their first home can be achieved in exactly two years. Renters in Detroit could save for a down payment in just two years and three months. Getty Renters in Detroit could save for a down payment in just two years and three months. Just like in Chicago and Tuscaloosa, renters in Detroit could save for a down payment in just two years and three months.
