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.
On the flip side, the LEAST expensive cities for apartment rentals are Memphis, Oklahoma City, Indianapolis, El Paso and Columbus Ohio.
Here is the cool-looking chart.
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!
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