- How much money you need to make to afford a studio apartment varies widely across the country.
- The Economist's "Carrie Bradshaw index" ranks cities by how affordable they are for single renters.
- Coastal cities are the least affordable, while Sun Belt and Midwestern cities are more livable.
Living with roommates is a good way to save some cash, often while enjoying the added social benefits of cohabitating. But sometimes, you need your space. Where you can afford to live alone largely depends on which city you choose.
The Economist ranked major US cities based on its "Carrie Bradshaw index," or how affordable they are to live in alone.
The publication took each city's typical studio apartment rent price and calculated the salary needed to live there without spending more than 30% of one's gross income — a common recommendation to spend on housing.
Dividing the median wages of each city by the threshold wages provides The Economist's "Bradshaw score." Scores with a value of over one mean most people can afford a studio apartment in that city. Nearly two-thirds of cities, 59, scored above a one — the number was 62 last year. The Economist used data from the Bureau of Labour Statistics and Zumper.
Unsurprisingly, cities like New York and Jersey City were some of the least affordable, but some cities with newly changing demographics crept into the top 10.
"For the third year running, New York remains the most unaffordable city, squeezed by high demand and record low vacancy rates," The Economist research reporter Lizzy Peet told Business Insider. "Other cities in the top ten include those that have experienced a surge in population in recent years, and those that have historically struggled to build new housing, such as Boston and Charleston."
Cities like Lincoln, Nebraska, and Tulsa, Oklahoma, finished in the top 10 of most affordable, even though their wages hover near or below national numbers.
Here are the cities that are most and least affordable for renting a studio apartment.
The least affordable cities
New York City.
phototrip2403/Shutterstock
10. San Diego, CA
San Diego, CA.
Jeremy Poland/Getty Images
Bradshaw score: 0.74
Affordable studio wage: $76,800
Dollars more than median wage: $20,220
August median studio rent: $1,920
9. Anaheim, CA
Anaheim, California.
NANCY PAUWELS/Getty Images
Bradshaw score: 0.71
Affordable studio wage: $75,600
Dollars more than median wage: $22,110
August median studio rent: $1,890
8. Orlando, FL
Orlando, Florida.
George Dodd/Getty Images
Bradshaw score: 0.69
Affordable studio wage: $65,600
Dollars more than median wage: $20,190
August median studio rent: $1,640
7. Santa Ana, CA
Santa Ana, California.
MattGush/Getty Images
Bradshaw score: 0.69
Affordable studio wage: $77,600
Dollars more than median wage: $24,110
August median studio rent: $1,940
6. Fort Lauderdale, FL
THEPALMER/Getty Images
Bradshaw score: 0.67
Affordable studio wage: $72,000
Dollars more than median wage: $24,080
August median studio rent: $1,800
5. Boston, MA
Boston, Massachusetts.
Sean Pavone/Shutterstock
Bradshaw score: 0.65
Affordable studio wage: $100,000
Dollars more than median wage: $35,380
August median studio rent: $2,500
4. Charleston, SC
Charleston, South Carolina.
Ayrton Rojo Arango/Shutterstock
Bradshaw score: 0.64
Affordable studio wage: $74,000
Dollars more than median wage: $26,380
August median studio rent: $1,850
3. Jersey City, NJ
Jersey City, New Jersey.
Artem Onoprienko/Getty Images
Bradshaw score: 0.60
Affordable studio wage: $101,200
Dollars more than median wage: $40,740
August median studio rent: $2,530
2. Miami, FL
Miami, Florida
Bilanol/Shutterstock
Bradshaw score: 0.56
Affordable studio wage: $85,600
Dollars more than median wage: $37,680
August median studio rent: $2,140
1. New York, NY
New York.
pidjoe/Getty Images
Bradshaw score: 0.40
Affordable studio wage: $151,600
Dollars more than median wage: $91,140
August median studio rent: $3,790
The most affordable cities
St. Louis, Missouri.
Art Wager/Getty Images
10. Aurora, CO
Aurora, Colorado.
Jacob Boomsma/Getty Images/iStockphoto
Bradshaw score: 1.46
Affordable studio wage: $42,000
Dollars less than median wage: $19,110
August median studio rent: $1,050
9. Albuquerque, NM
Albuquerque, New Mexico.
Dee Liu/Getty Images
Bradshaw score: 1.49
Affordable studio wage: $31,600
Dollars less than median wage: $15,340
August median studio rent: $790
8. St. Louis, MO
St. Louis, Missouri.
LSmith/Getty Images
Bradshaw score: 1.49
Affordable studio wage: $32,400
Dollars less than median wage: $15,890
August median studio rent: $810
7. Tulsa, OK
Tulsa, Oklahoma.
Sean Pavone/Getty Images/iStockphoto
Bradshaw score: 1.51
Affordable studio wage: $30,000
Dollars less than median wage: $15,460
August median studio rent: $750
6. Tucson, AZ
Tucson, Arizona.
DenisTangneyJr/Getty Images
Bradshaw score: 1.55
Affordable studio wage: $30,000
Dollars less than median wage: $16,450
August median studio rent: $750
5. Akron, OH
Akron, Ohio.
John Coletti/Getty Images
Bradshaw score: 1.58
Affordable studio wage: $30,000
Dollars less than median wage: $17,530
August median studio rent: $750
4. Des Moines, IA
Des Moines, Iowa.
Alex Potemkin/Getty Images
Bradshaw score: 1.64
Affordable studio wage: $30,800
Dollars less than median wage: $19,650
August median studio rent: $770
3. Lincoln, NE
Lincoln, Nebraska.
John Coletti/Getty Images
Bradshaw score: 1.65
Affordable studio wage: $29,600
Dollars less than median wage: $19,260
August median studio rent: $740
2. Baton Rouge, LA
Baton Rouge, Louisiana.
Jacob Boomsma/Getty Images
Bradshaw score: 1.71
Affordable studio wage: $28,000
Dollars less than median wage: $19,940
August median studio rent: $700
1. Wichita, KS
Wichita, Kansas.
Jacob Boomsma/Shutterstock
Bradshaw score: 1.77
Affordable studio wage: $26,400
Dollars less than median wage: $20,250
August median studio rent: $660
The post The 10 best and 10 worst US cities for living alone, ranked by how much a studio costs appeared first on Business Insider