![The Cost of Renting vs. Buying in the US [INFOGRAPHIC] | Simplifying The Market](https://d39ah2zlibpm3g.cloudfront.net/wp-content/uploads/2017/06/20140325/20170623-Share-STM.jpg)
![The Cost of Renting vs. Buying in the US [INFOGRAPHIC] | Simplifying The Market](https://d39ah2zlibpm3g.cloudfront.net/wp-content/uploads/2017/06/20140248/20170623-Rent-vs.-Buy-STM.jpg)
Some Highlights:
- Historically, the choice between renting or buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (29.2{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}) vs. the percentage needed to buy a median-priced home (15.8{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}), the choice becomes obvious.
- Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
Source: Simplifying The Market
