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Tuesday, May 28, 2024
Hawaii 2nd Worst State for Renters
By Selected News Articles @ 4:50 PM :: 1047 Views :: Hawaii Statistics, Cost of Living

Consumer Affairs: Best and Worst States for Renters

from Consumer Affairs, May, 2024 (excerpts)

What makes some states better than others for renters?

Several factors make some states better for renters than others. The states that ranked the highest had the following things in common:

  • Low percentages of household income going toward rent
  • Low costs of living
  • Cheaper rent prices
  • A higher percentage of units built after 2000
  • A higher likelihood of having tenant-friendly eviction laws and statutes
  • More rental availability…

The worst states had several factors in common

Some states attract renters by offering cheap rentals, low insurance premiums and tenant-friendly laws. These are not those states. The worst states for renters have several things in common: high rental costs, low vacancy rates, residents paying a significant amount of their incomes toward rent and eviction laws that are unfriendly to tenants, to name a few….

2. Hawaii

The Aloha State is one of the most expensive places in the U.S. to live. It has the second-highest median cost to rent a two-bedroom ($1,895) and the highest overall cost of living in the country.

People who live in Hawaii also pay over a third of their income toward rent (33.5%).

  • Median gross rent on two-bedroom: $1,895
  • Percentage of renter-occupied units built after 2000: 21.5%
  • Vacancy rate: 6.2%…

read … Best States for Renters (2024) | ConsumerAffairs®


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