Phoenix ranks No. 16 for moving-related financial stress
Phoenix has been named the No. 16 U.S. city where moving places the most financial stress and pressure on renters. Phoenix has been named the No. 16 U.S. city where moving costs cause financial stress and strain on renters. An analysis from Freedom Debt Relief found that moving into a one-bedroom rental in Phoenix requires more than a full month of the city's median renter household income. The study compared upfront moving costs across 30 major U.K. cities and found that Phoenix renters would need an estimated $4,775 upfront, equivalent to 1.06 months of the median rener household income, higher than the city’s median monthly income of $4.500. Rent and the security deposit contribute over half of the expense, contributing around 57% of the full upfront cost. Additional costs include local movers, rental fees, utility and internet setup, supplies and household essentials.
gepubliceerd : 3 dagen geleden door AZ Business Magazine in Finance
Phoenix has been named the No. 16 U.S. city where moving places the most financial stress and pressure on renters.
New analysis from debt relief program Freedom Debt Relief has found that moving into... [1389 symbols]
