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How Much Space Does $1,500 Rent You in the 30 Most Populous US Cities?

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

The apartment site Rent Cafe has an interesting graphic and data about how much space costs across the USA.

Liquidity moves markets!

Follow the money. Find the profits! 

Of the 30 cities that Rent Cafe examined, the most expensive is … New York City followed by San Francisco, Boston, San Jose, Los Angeles and Washington DC.

mostexp

On the flip side, the LEAST expensive cities for apartment rentals are Memphis, Oklahoma City, Indianapolis, El Paso and Columbus Ohio.

cheaprants

Here is the cool-looking chart.

20160519_rent2_0

Bear in mind that the cost of renting space is a function of many attributes including ability to build additional multifamily units (the supply side) and the desirability of living in the city (as well as available jobs).

But at least in Memphis, Oklahoma City and El Paso, you can hum famous songs about their city. Indianapolis and Columbus don’t have songs about their city. Unless you include the film theme-song  “Goodbye Columbus.”

And while Indianapolis has the former Superbowl Champions Indianapolis Colts and the NBA team the Indiana Pacers, Columbus Ohio has … the AAA baseball team the Columbus Clippers and the usually pathetic Columbus Bluejackets of the NHL.

But the Columbus Clippers do have the WORST song on the planet. Fans are supposed to ring a bell at the designated point. Here is a clip of the enthusiastic Clippers fans ringing their bells.

And the Columbus Clippers do feature RACING HOTDOGS at their games!

Hot Dogs Mascots at Huntington Park in the Arena District, Columbus. Shot April 8, 2013 for Alive Cover story on Baseball. (Meghan Ralston)

Hot Dogs Mascots at Huntington Park in the Arena District, Columbus. Shot April 8, 2013 for Alive Cover story on Baseball. (Meghan Ralston)

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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