St. Louis, KC among most affordable cities for millennial renters

Missouri is home to two of the nation’s most affordable cities for millennials who are looking to rent, according to an analysis by real estate data firm Zillow.

Among the 50 largest cities in the country, St. Louis ranks first and Kansas City third by percentage of rental properties that are affordable to millennials, according to the analysis. Zillow compiled the rankings by comparing the price of rental listings to the median household income in those 50 markets.

In St. Louis, 85 percent of listings cost less than 30 percent of the median household income. In Kansas City, that figure is a shade under 80 percent.

Birmingham, Al., sits second in the rankings. Richmond, Va., and Detroit round out the top five.

Miami, with just 8 percent of its rental listings falling below 30 percent of the median income level, is the most expensive city for millennials to rent.

Read more from Bloomberg


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