What size apartment $1,500 a month buys you in Massachusetts cities
A monthly rent of $1,500 can get you an 825-square-foot apartment in Springfield. That's larger than the national average of 782 square feet, per a new report from listing service RentCafe.
- Worcester has 700-square-foot apartments for the same price.
- But in Boston, fifteen-hundred bucks gets you a measly 320 square feet.
Reality check: Springfield is a great town! Wouldn't love the two-to-three-hour one-way commute to Boston, though.
The big picture: Rent is rising faster than income nationwide.
The median U.S. renter is spending close to 30% of their monthly income on an average rent, per the latest report from Moody's Analytics, an economic research firm.
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