Rents are rising by double-digits throughout the nation, however there's nonetheless a yawning hole between how far a greenback will get you in New York Metropolis versus Nebraska.
The very best deal within the nation is Wichita, Kansas, the place $1,500 will get you just about 1,600 sq. toes, in response to an evaluation by condominium web site RentCafe. The common lease throughout the metro space is $746.
On the different finish of the spectrum is Manhattan, the place $1,500 would cowl solely a 3rd of the everyday lease — and purchase far much less condominium. That sum would get a renter lower than 300 sq. toes, a measurement that formally qualifies as a micro-unit.
As RentCafe places it, "one condominium in Wichita may match six Manhattan residences for a similar funds."
Costs aren't a lot better in different boroughs of New York. In Brooklyn or Queens that very same $1,500 would sometimes get you between 300 and 400 sq. toes of residing area.
With many workplace employees nonetheless clocking in remotely, condominium hunters looking forward to extra space would do effectively to take a look at the nation's heartland. Along with having comparatively inexpensive rental markets, cities in Nebraska, Oklahoma and Iowa have dangled money incentives to lure distant employees into placing down roots there.