Forbes magazine has recently published its list of the top cities for renters. According to the report, renters can find solace in these cities that cater to their needs and preferences.
While the tri-state area didn’t have any cities that made it to the best list for renters, a city in northern New Jersey did end up on the list of the worst cities for renters.
According to a recent report, Newark has been named the least desirable city for renting an apartment, claiming the top spot on the list. This ranking was published by Forbes, who conducted a thorough analysis of various factors related to renting in different cities. Despite its many merits, Newark seems to fall short in terms of its rental market.
According to a report by Forbes, Newark has a significant number of households that are burdened by rent. The average cost of renting a one-bedroom apartment in Newark exceeds $1,300, and over 56% of households in Newark are spending 30% or more of their income on rent. This highlights the financial pressure that many residents are facing in the city.
According to the latest rankings, New York City has secured the sixth spot on the list of worst cities in terms of housing expenses. Shockingly, 50% of households in the city spend 30% of their income solely on housing. This highlights the dire situation of the housing market in the city.
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