The Dallas-Fort Worth-Arlington MSA ranked among the most affordable metro areas for Millennial renters according to recent analysis from RealtyTrac. That’s fabulous right? But the second you look at the numbers, you’re going to set off a tremor with your violent eye-rolling. Where does a three-bedroom apartment rent for $1,317 in Dallas? For real, y’all.
According to their calculations, rent only takes up 26.7 percent of average wages in the Dallas-Fort Worth-Arlington MSA, which is why RealtyTrac is considering our region “affordable.” Other likewise “affordable” places for Millennial renters include the Atlanta MSA, Durham-Chapel Hill, N.C., and good ol’ Harris County.
It’s the city-by-city data I find most interesting, though, as RealtyTrac says it’s more affordable to rent rather than buy in Dallas, Denton, Tarrant, and Collin counties.
Jump to see the interactive infographics for the full details and tell us what you think of the numbers.