RentCafe analyzed data to see in which cities where winter expenses put a strain on renters the most and the least.
As we all know, rents have been skyrocketing in the past few years and the winter holiday season can take an even bigger bite out of consumers’ paychecks. But some renters are finding they still have plenty of money left in the bank at the end of the holiday season. For example, renters in Virginia Beach, Va., and Wichita, Kan., are considered among the lucky few who still who have money left in the bank after paying the rent, buying gifts, and covering other consumer expenditures.
On the other hand, renters in Manhattan and Boston require the most substantial savings for the winter holidays. Many renters had to turn to credit to make it through the holidays, with many renters in these locales seeing a negative balance of more than $4,000.
Unfortunately, California isn't even on this list but I assume we fall into the low savings end of the spectrum. With Rent Control a hot topic in the news right now, it will be interesting to see where we end up. There are both positive and negatives to the rent control discussion......it's not always as clear cut as it seems!