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But is it? It's obviously not on the high end, but it's not particularly cheap.
Expensive and cheap is subjective but I think an average 1BR there goes anywhere from $1000-$1200 which is pretty good especially for a big city.
And the economy in Houston is growing at a good pace so I think in terms of the amount of people there making six-figures while it may not be as high as NYC, Seattle, etc considering the CoL I think it’s still pretty good.
You sure? Chicago's median rent is less than $1100. You don't even need a car in Philly or Chicago.
Both Chicago and Philadelphia have median 1-bedroom rents (citywide) around the $1,500 range, both in the top 20 highest rental markets in the US. Houston median around $1,100 for a 1-bed.
Philadelphia and Chicago are more expensive from a general cost of living standpoint too - taxes, groceries, transit costs, restaurants, etc.
Median home price in Philadelphia (city not metro) is still lower than Houston's though.
The differences aren't astronomical, but enough. I also see Philadelphia's affordability status shrinking in the coming years as the city improves and people seek refuge from New York and DC.
And true about not needing a car unless you reverse commute (fairly common in Philadelphia).
Both Chicago and Philadelphia have median 1-bedroom rents (citywide) around the $1,500 range, both in the top 20 highest rental markets in the US. Houston median around $1,100 for a 1-bed.
Philadelphia and Chicago are more expensive from a general cost of living standpoint too - taxes, groceries, transit costs, restaurants, etc.
Median home price in Philadelphia (city not metro) is still lower than Houston's though.
The differences aren't astronomical, but enough. I also see Philadelphia's affordability status shrinking in the coming years as the city improves and people seek refuge from New York and DC.
And true about not needing a car unless you reverse commute (fairly common in Philadelphia).
The median rent in Chicago is less than $1100. Are you saying well over half of Chicago's apartments are studios? Thats laughably wrong.
You can buy a decent one-bedroom highrise condo in Chicago's core for $200,000. I've spent time on Zillow just to marvel at this.
The point about not needing a car is huge.
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