Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC] | Keeping Current Matterss

Some Highlights:

  • The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent in Connecticut.
  • Buying costs are significantly less than renting costs. It makes more sense to buy a Connecticut home rather than renting one.
  • The percentage of income needed to afford a median priced home is less than the historic norm.

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