Top 10 cities where renting is better than buying

  • Top 10 cities where renting is better than buying


    10. St. Louis

    Average home price: $161,300

    Average rent price: $1,098

    The Gateway to the West is a surprising addition to the top 10, buoyed by its tiniest neighborhood. If you buy a home in St. Louis, it will take 3.3 years to start saving money over renting. But in the Wydown Skinker neighborhood, where massive 1920s homes surround the city's premier park, it will take 7.7 years for buying to overtake renting on a dollars and cents basis. Elsewhere, such as in The Ville, it will only take 1.3 years for buying to be the better option.

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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.