This NJ city was named the worst in the country for renters

The price of homes keeps rising, as do interest rates, turning home ownership into nothing more than a dream for many. But, everybody has to live somewhere, right? That leaves renting the only option for a lot of people. Unfortunately, a new report says that the very worst city in the country is in New Jersey.

In Newark, 79% of residents rent (the highest in the nation), but, according to a report from Forbes, the Brick City is the absolute worst in the country for renters.

Forbes Advisor evaluated the 96 most-populated U.S. cities with available data across 23 different metrics to uncover the best cities for renters. We considered average rental prices and unit sizes for one- and two-bedroom rentals, the year-over-year percentage change in average rent, the percentage of renters who are rent-burdened, crime rates, the percentage of dog-friendly rentals, amenities and other metrics to identify the best cities to rent in. “Rent burdened” means spending more that 30% of income on rent.

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The worst city in NJ for renters

Newark came in 96th with an overall score of 0. That’s right, 0; the city that was next to last, Hialeah, FL, at least had a score of 10 (these scores are out of 100).

Newark has a high percentage of rent-burdened residents at 55.7%, an increase of rent year over year of 1.83%. What really hurts Newark is the low median income of its residents at $41,335, the third lowest among the 96 cities included in the survey.

Newark, NJ (Townsquare Media)

Finding a place to live with your pooch shouldn’t be hard, though: 54.5% of rentals are dog-friendly. The average size of the rentals in Newark is pretty much middle of the road: an average one-bedroom is 610 sq. feet and a two-bedroom is 867.

If you want a more granular look at the categories that informed the metrics, the report is here.

LOOK: Here is the richest town in each state

Just saying the names of these towns immediately conjures up images of grand mansions, luxury cars, and ritzy restaurants. Read on to see which town in your home state took the title of the richest location and which place had the highest median income in the country. Who knows—your hometown might even be on this list.

Gallery Credit: Meagan Drillinger

Opinions expressed in the post above are those of New Jersey 101.5 talk show host Bill Doyle only.

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Filed Under: Newark

Categories: Ultimate New Jersey