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What Does the Average Rent Get You in These U.S. Cities?

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What Does the Average Rent Get You in These U.S. Cities?

What Does the Average Rent Get You in These U.S. Cities?

Housing markets in general are linked to a variety of national variables: interest rates, unemployment, mortgage availability, consumer confidence, inflation, and overall economic health. However, they can also be extremely regional in nature, and this is why there can be such variations in domestic prices.

Even though Canada still takes claim for the most overvalued housing market in the world, there are parts of America that look just as bubbly. This infographic looks at what renters could get in various cities while paying the average national monthly rent for an entry-level, one-bedroom or studio apartment ($769).

The results vary.

In Detroit, a city still emerging from its bankruptcy troubles, a renter could get 818 sq. ft. of space for the average rent. There is still some value in Chicago, Miami, and New Orleans, where the average national rent gets places of 570, 552, and 671 sq. ft. respectively.

In the Big Apple, it is understandable that housing is hard to come by. The average amount can only get 375 sq. ft.

However, where things really break down is in the Golden State, specifically in the Bay Area. New renters in San Francisco will find that the average national rent is only enough to get a kitchen and maybe a bathroom with just 285 sq. ft of space. Things are so bad in the city that shipping containers are getting converted to small homes and being rented out illegally for $1,000 per month. Someone even pitched a tent in their garden in Mountainview and listed it for $899 per month.

The fuel for San Francisco’s housing woes lies in the influx of high-paying tech companies and jobs in Silicon Valley, foreign home buyers bidding up prices, complicated housing and renting regulations, lack of general supply, and stifling bureaucracy.

Original graphic by: Mashable

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Misc

The Top 25 Nationalities of U.S. Immigrants

Mexico is the largest source of immigrants to the U.S., with almost 11 million immigrants.

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Bar chart showing the top 25 nationalities of US Immigrants.

The Top 25 Nationalities of U.S. Immigrants

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The United States is home to more than 46 million immigrants, constituting approximately 14% of its total population.

This graphic displays the top 25 countries of origin for U.S. immigrants, based on 2022 estimates. The data is sourced from the Migration Policy Institute (MPI), which analyzed information from the U.S. Census Bureau’s 2022 American Community Survey.

In this context, “immigrants” refer to individuals residing in the United States who were not U.S. citizens at birth.

Mexico Emerges as a Leading Source of Immigration

Mexico stands out as the largest contributor to U.S. immigration due to its geographical proximity and historical ties.

Various economic factors, including wage disparities and employment opportunities, motivate many Mexicans to seek better prospects north of the border.

CountryRegion# of Immigrants
🇲🇽 MexicoLatin America
& Caribbean
10,678,502
🇮🇳 IndiaAsia2,839,618
🇨🇳 ChinaAsia2,217,894
🇵🇭 PhilippinesAsia1,982,333
🇸🇻 El SalvadorLatin America
& Caribbean
1,407,622
🇻🇳 VietnamAsia1,331,192
🇨🇺 CubaLatin America
& Caribbean
1,312,510
🇩🇴 Dominican RepublicLatin America
& Caribbean
1,279,900
🇬🇹 GuatemalaLatin America
& Caribbean
1,148,543
🇰🇷 KoreaAsia1,045,100
🇨🇴 ColombiaLatin America
& Caribbean
928,053
🇭🇳 HondurasLatin America
& Caribbean
843,774
🇨🇦 CanadaNorthern America821,322
🇯🇲 JamaicaLatin America
& Caribbean
804,775
🇭🇹 HaitiLatin America
& Caribbean
730,780
🇬🇧 United KingdomEurope676,652
🇻🇪 VenezuelaLatin America
& Caribbean
667,664
🇧🇷 BrazilLatin America
& Caribbean
618,525
🇩🇪 GermanyEurope537,484
🇪🇨 EcuadorLatin America
& Caribbean
518,287
🇵🇪 PeruLatin America
& Caribbean
471,988
🇳🇬 NigeriaAfrica448,405
🇺🇦 UkraineEurope427,163
🇮🇷 IranMiddle East407,283
🇵🇰 PakistanAsia399,086
Rest of World11,637,634
Total46,182,089

Mexicans are followed in this ranking by Indians, Chinese, and Filipinos, though most immigrants on this list come from countries in the Latin American and Caribbean region.

On the other hand, only three European countries are among the top sources of U.S. immigrants: the UK, Germany, and Ukraine.

Immigration continues to be a significant factor contributing to the overall growth of the U.S. population. Overall population growth has decelerated over the past decade primarily due to declining birth rates.

Between 2021 and 2022, the increase in the immigrant population accounted for 65% of the total population growth in the U.S., representing 912,000 individuals out of nearly 1.4 million.

If you enjoyed this post, be sure to check out Visualized: Why Do People Immigrate to the U.S.? This visualization shows the different reasons cited by new arrivals to America in 2021.

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