Newark ranked as worst city for renters in new Forbes report
More than half of the households in the city are considered “rent-burdened” and smaller-than-average unit sizes contributed to its ranking, according to the report.
Share:
More Stories
Luigi Mangione pleads not guilty to state murder and other charges in UnitedHealthcare CEO's death
1h ago1:46
Made in New Jersey: Nadia's Chocolates - A Taste of Italy in New Jersey
2h ago
Record-breaking holiday travel season expected
2h ago2:28
Are you traveling for work or the holiday? Bundle up as cold temperatures continue in New Jersey
2h ago2:03
KIYC: Retailers crack down on return fraud amid expected $150 billion in holiday returns
4h ago2:14
BITTER BLAST: Dangerous cold this morning is followed up by light snow and ice for Christmas Eve morning
4h agoLuigi Mangione pleads not guilty to state murder and other charges in UnitedHealthcare CEO's death
1h ago1:46
Made in New Jersey: Nadia's Chocolates - A Taste of Italy in New Jersey
2h agoRecord-breaking holiday travel season expected
2h ago2:28
Are you traveling for work or the holiday? Bundle up as cold temperatures continue in New Jersey
2h ago2:03
KIYC: Retailers crack down on return fraud amid expected $150 billion in holiday returns
4h ago2:14
BITTER BLAST: Dangerous cold this morning is followed up by light snow and ice for Christmas Eve morning
4h agoA new report by Forbes casted the largest city in New Jersey as the worst place for renters.
More than half the households in Newark are considered “rent-burdened” (56%) and smaller-than-average unit sizes contributed to its ranking, according to the report.
This means residents spend more than 30% of their income on rent. The average rent for a one bedroom is about $1,350.
New York City ranked as the sixth worst for renters. The report says it may be hard to find rentals with amenities in NYC as it ranked in the bottom three in the laundry, dishwasher, parking and gym availability metrics.
As for best cities for renters, Chandler, Arizona, took the No. 1 spot.
Top 5 worst cities for renters:
- Newark, New Jersey
- Hialeah, Florida
- San Bernardino, California
- Anchorage, Alaska
- Los Angeles, California
Top 5 best cities for renters:
- Chandler, Arizona
- Gilbert, Arizona
- Henderson, Nevada
- Plano, Texas
- Austin, Texas
More from News 12
2:14
BITTER BLAST: Dangerous cold this morning is followed up by light snow and ice for Christmas Eve morning
2:28
Are you traveling for work or the holiday? Bundle up as cold temperatures continue in New Jersey
Record-breaking holiday travel season expected
2:03
KIYC: Retailers crack down on return fraud amid expected $150 billion in holiday returns
Luigi Mangione pleads not guilty to state murder and other charges in UnitedHealthcare CEO's death
1:46