Connecticut Among Worst States In Country For Renters

CONNECTICUT — Connecticut is the worst state in the country for renters, according to a study from Consumer Affairs.

"Connecticut is ranked lowest on this year’s list due to high costs and low rental availability," according to Consumer Affairs. "Though you might snag a good deal if you look hard enough, the median gross rental on a two-bedroom is $1,441, and the vacancy rate is 3.5%.

"Residents in Connecticut have one of the highest income-to-rent ratios in the country (32%), and the state has an unemployment rate (4.7%) above the national average."

The Consumer Affairs study noted that while renting can be a good option for people trying to save money to buy a house, it's increasingly expensive. A shortage of affordable homes combined with inflation and rising interest rates have made renting more difficult.

The report analyzed data from the U.S. Census Bureau, the U.S. Bureau of Economic Analysis, and the Bureau of Labor.

The Northeast is well-represented on the list of the worst places for renters, taking five of the top 10 spots.

Here's the list of the worst states for renters:

1. Connecticut
2. Hawaii
3. Rhode Island
4. Massachusetts
5. California
6. Vermont
7. New York
8. Florida
9. Mississippi
10. Michigan

And here are the best states for renters:

1. North Dakota
2. South Dakota
3. Iowa
4. Oregon
5. North Carolina
6. Wyoming
7. Idaho
8. Minnesota
9. Wisconsin
10. Washington, D.C.

Check out the full story in Consumer Affairs.