Sunday , 19 May 2024

Buying Vs. Renting In the U.S. – Which Is Best?

Today’s chart uses data from Reventure Consulting to highlight the cost of buying vs. renting a single-family residence in the U.S. since 1970, adjusted for inflation.

This post is an edited and abridged version of the original by Bruno Venditti of VisualCapitalist.com

Buying-vs-Renting-in-America_Sept_1

The median rent in America is approximately $1,850 per month, about 30% cheaper than the median cost to buy, standing at $2,700 per month. This gap represents the largest difference between renting and buying in U.S. history.