When it comes to renting a two-bedroom apartment, Salt Lake City and Austin (tied with Leipzig, Germany) were ranked as the most affordable metro areas of 80 global cities analyzed by DWS Group. The top 10 also included Dallas and Atlanta in sixth and seventh place, respectively, along with a handful of large Australian cities.
“U.S. cities continue to be some of the most affordable globally, due to high income levels and often fewer supply barriers,” according to DWS Group’s second annual Housing Affordability Review. In general, North America ranks as the most affordable region, followed by Europe, with Asia-Pacific trailing due to lower incomes in many cities. The study emphasizes the importance of evaluating both rent-to-income ratios and residual spending power.
Although city-level comparisons may offer limited relevance to individual households experiencing affordability pressures, “they are indispensable for institutional investors,” according to DWS Group. “Cross-market evaluations of affordability provide a framework for assessing structural risks, demand resilience, and the long-term viability of residential real estate investments.”
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