"Top U.S. Cities Where Renters' Incomes Stretch the Furthest, Including Millionaire Hotspots"
Originally Published 1 year ago — by CNBC
A recent RentCafe study ranks the top 10 U.S. cities where renters' incomes go the furthest, with Sunnyvale, California, and Surprise, Arizona, taking the top spots. Despite high living costs, renters in these cities benefit from significantly higher median incomes, making them relatively affordable places to live. However, a recent Harvard study shows that more renters than ever are burdened by housing costs, with half of U.S. renters putting over 30% of their income toward rent.