NewsIn Your CommunityVirginia Beach

Actions

Virginia Beach ranked 8th least affordable city for single renters

According to the Singles Index on RentHop
AP100901044899.jpg
Posted
and last updated

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.

Watch related coverage: Virginia Beach Housing & Neighborhood Preservation holds housing resource fair

Virginia Beach Housing & Neighborhood Preservation holds housing resource fair

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:

RankCityStateMedian Studio RentMedian Singles IncomeRent Cost as % of Income
1New YorkNY$3,375$59,94767.56%
2MiamiFL$2,050$45,95653.53%
3DetroitMI$879$28,19637.41%
4BostonMA$2,350$77,30336.48%
5Los AngelesCA$1,775$59,40635.85%
6PhiladelphiaPA$1,250$45,02233.32%
7BaltimoreMD$1,250$46,02032.59%
8Virginia BeachVA$1,595$59,42632.21%
9NashvilleTN$1,475$57,68330.68%
10HoustonTX$1,274$49,85430.67%