In some cities it can be more economical to rent, while in others purchasing property is hands down the most cost effective way to go. See where your hometown falls on the scale of renting versus buying and make sure you're getting the most bang for your buck!Over at the financial blog Mint Life, they've put together a few top 10 lists that caught our attention. We've lived all over this country and it's been quite obvious which places have, on average, low rental prices and where we'd be better of putting down roots if we planned on staying long.
Check out the graphic above, showing their top 10 cities with great rental prices, especially when compared to the price of your average home. The variance in the numbers is actually quite staggering! Where does your city fall?
Head on over to Mint Life | Top 10 Cities to Buy vs Rent to see the opposite graphic, where you should be buying instead of renting. It's a straight forward approach that might have an impact on your next move.