Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Holiday spending? It’s rough for the average U.S. renter

Dan Rafter December 20, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

The holidays are a financial struggle for the average U.S. renter, according to the latest study by RENTCafe. And when November and December are over? The typical renter will be left with a $549 shortfall for the two months.

According to RENTCafe, the average U.S. renter makes $5,865 in income during November and December. They also spend an average of $2,716 for the two months in rent and an average of $2,696 on items such as food, gas and healthcare.

Then there are the holiday obligations. RENTCafe says that the average renter spends $1,002 during November and December on gifts, sweets, decorations and family dinner.

The grand total, then, after the two holiday months? These typical renters are left with a balance of -$549.

That’s not so merry.

There are some cities across the country, though, where the average U.S. renter does end December with a positive balance. In Wichita, Kansas, for instance, the average U.S. renter ends December with a positive balance of $558. In Columbus, Ohio, that average positive balance is $324 and in Omaha, Nebraska, it’s $216. In Indianapolis, the average renter ends up with a positive balance of $216 after the winter holidays are over, and in Memphis they end with a balance of $138. Finally, in Kansas City, Missouri, renters eke out a positive balance of $75.

In other Midwest cities, the holidays are far tougher on renters. In Chicago, the average renter ends the holiday season with negative balance of $1,424. In Minneapolis, they end with a negative $891, and in Detroit they end the season with a negative balance of $890.

Tags
ChicagoDetroitholiday spendingIllinoisIndianaIndianapolisKansasMemphisMichiganMinneapolisMinnesotaNebraskaOmahaRENTCafeTennesseeWichita
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasCRE

Chelby Sanders joins Cresa

September 22, 2023
IllinoisIndustrial

Lee & Associates of Illinois acts as sole broker in full-building Des Plaines industrial lease

September 22, 2023
IllinoisCRE

Golub & Company honors Debbie Frank’s legacy with Buck-It Bash fundraiser

September 22, 2023
IndianaRetail

Marcus & Millichap brokers 12,268-square-foot CVS in Indianapolis

September 22, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com