Omaha makes Top 10 list of affordable big cities for renters

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Posted: Tuesday, September 17, 2013 12:00 am

Omaha has made a Top 10 list that ranks big cities that are affordable for renters.

The metro area's No. 9 spot – out of 75 of the country's largest metro areas – is based on living expenses relative to the typical earnings of renters.

Washington D.C.-based Kiplinger, a publisher of business forecasts and personal finance advice, put out the list. The online magazine said that many would-be homeowners lack the funds for a down payment on a house, or simply prefer the flexibility and mobility that renting provides.

Kiplinger folks point out that renters outnumber homeowners in six of the 10 most populous cities in the country, but that not all markets are created equal.

Ranked in the top three positions are Raleigh, N.C., Las Vegas and Dallas.

About Omaha, Kiplinger said: The metro area has the third-lowest average rent on its list ($674 per month) and the second-lowest cost of living. The area's revitalization effort has brought more arts and entertainment to the city and unemployment is low.

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