Average monthly cost difference rate between owning and renting U.S. 2015, by state

Published by Statista Research Department, Mar 4, 2021
This statistic shows the average monthly cost difference between owning and renting in the United States in 2015, by state. In Rhode Island, the average monthly cost of owning a home was 84 percent higher than renting a home.

Average monthly cost difference rate between owning and renting in the United States in 2015, by state

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Sources

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Release date

March 2017

Region

United States

Survey time period

2015

Supplementary notes

The source adds the following information: "NerdWallet analyzed one year of data from the U.S. Census Bureau’s American Community Survey from 2015, the most-recent data available. To determine the homeownership premium, we used the median gross rent for all rental properties and the median homeownership cost for all states and Washington, D.C., to determine a percentage that shows the added cost, as a premium, that people pay each month to own a home."

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