July 11th 2024.
The year 2024 has brought good news for renters, as Atlanta has been named the top city to live in by RentCafe.com. After analyzing 149 American cities, the charming city of Charleston, South Carolina took the lead, followed closely by Atlanta in second place. The list was curated based on various factors such as air and apartment quality, economic strength, natural amenities, and traffic. RentCafe divided the cities into three categories: cost of living, local economy, and quality of life.
Atlanta's local economy stood out among the rest, thanks to its impressive growth in recent years. The city has seen a remarkable 44.6% increase in renters' income over the past five years, earning it a high score in the local economy category. With a total of 472 yearly business applications and a one percent annual job growth rate, Atlanta secured its spot as the second-best city for renters.
It's no surprise that Atlanta is no stranger to topping lists. In 2023, its renowned Hartsfield-Jackson International Airport was awarded the Airport Service Quality Award for Best Airport in North America. This airport has consistently been recognized for its excellence, winning the Best Airport by Size and Region ASQ Awards in 2021 and 2022. The city is also home to prominent companies like Delta Air Lines, UPS, Cox Enterprises, and Home Depot, making it a hub for business and innovation.
In January 2024, RentCafe declared Atlanta as the number one city for renters to keep an eye on. This announcement was based on a rental activity report that revealed Atlanta attracted the highest rental activity on their platform in the past year. Since World War II, Atlanta has been a center for manufacturing and technology. However, it wasn't until the 1996 Summer Olympics that it emerged as one of the fastest-growing tech hubs in the country, earning nicknames such as "Silicon Valley of the South" and "Silicon Peach."
Although Atlanta took second place, Charleston clinched the top spot due to its high job growth, low unemployment rates, and a significant number of newly built rentals. Following Atlanta in the rankings are McKinney, TX and Scottsdale, AZ in the fourth and fifth spots, respectively. Interestingly, 38 out of the top 50 best cities for renters are located in the Southern region of the nation.
As the saying goes, "home is where the heart is," and for renters, finding the perfect place to call home is essential. With the current housing market, selling a home can be a challenging and costly process. That's why RentCafe's list of the best cities for renters to live in 2024 is a helpful resource for those seeking a new place to call home.
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