This statistic shows the average monthly cost difference between owning and renting in the United States in 2015, by state. In Rhode Island, the average monthly cost of owning a home was 84 percent higher than renting a home.
Average monthly cost difference rate between owning and renting in the United States in 2015, by state
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The source adds the following information: "NerdWallet analyzed one year of data from the U.S. Census Bureau’s American Community Survey from 2015, the most-recent data available. To determine the homeownership premium, we used the median gross rent for all rental properties and the median homeownership cost for all states and Washington, D.C., to determine a percentage that shows the added cost, as a premium, that people pay each month to own a home."
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NerdWallet. (March 22, 2017). Average monthly cost difference rate between owning and renting in the United States in 2015, by state [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/743470/cost-of-owning-vs-renting-home-by-usa-state/
NerdWallet. "Average monthly cost difference rate between owning and renting in the United States in 2015, by state." Chart. March 22, 2017. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/743470/cost-of-owning-vs-renting-home-by-usa-state/
NerdWallet. (2017). Average monthly cost difference rate between owning and renting in the United States in 2015, by state. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/743470/cost-of-owning-vs-renting-home-by-usa-state/
NerdWallet. "Average Monthly Cost Difference Rate between Owning and Renting in The United States in 2015, by State." Statista, Statista Inc., 22 Mar 2017, https://www.statista.com/statistics/743470/cost-of-owning-vs-renting-home-by-usa-state/
NerdWallet, Average monthly cost difference rate between owning and renting in the United States in 2015, by state Statista, https://www.statista.com/statistics/743470/cost-of-owning-vs-renting-home-by-usa-state/ (last visited July 23, 2024)
Average monthly cost difference rate between owning and renting in the United States in 2015, by state [Graph], NerdWallet, March 22, 2017. [Online]. Available: https://www.statista.com/statistics/743470/cost-of-owning-vs-renting-home-by-usa-state/
