VIRGINIA BEACH, Va. — Virginia Beach is the eighth least affordable city for single renters, according to RentHop.
RentHop, an apartment rental agency, bases affordability off the percentage of income a single renter has to devote to monthly rent. The U.S. Census Bureau's median nonfamily income data is their source for the median singles income.
Virginia Beach has a median studio rent of $1,595 with a median singles income of $59,426. This means single renters are allocating 32.21% of their income solely to rent.
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New York City still ranks as the most expensive for single renters, with a median studio rent of $3,375 and a median singles income of $59,947 — 67.56% of a single New Yorker's income is placed towards rent.
Top 10 least affordable cities for single renters per RentHop:
Rank | City | State | Median Studio Rent | Median Singles Income | Rent Cost as % of Income |
1 | New York | NY | $3,375 | $59,947 | 67.56% |
2 | Miami | FL | $2,050 | $45,956 | 53.53% |
3 | Detroit | MI | $879 | $28,196 | 37.41% |
4 | Boston | MA | $2,350 | $77,303 | 36.48% |
5 | Los Angeles | CA | $1,775 | $59,406 | 35.85% |
6 | Philadelphia | PA | $1,250 | $45,022 | 33.32% |
7 | Baltimore | MD | $1,250 | $46,020 | 32.59% |
8 | Virginia Beach | VA | $1,595 | $59,426 | 32.21% |
9 | Nashville | TN | $1,475 | $57,683 | 30.68% |
10 | Houston | TX | $1,274 | $49,854 | 30.67% |