Report: Philly ranks as one of the worst places for renters in the U.S.
Hunting for a new apartment to rent can lose its excitement very quickly, but in some cities the search gets much worse, much faster. If you’ve ever been on the lookout for a new home in Philadelphia, you may have experienced the worst of renting, according to a new study. A recent report from financial website WalletHub cultivated a list of the 150 best and worst cities to live in, and while smaller cities in states such as Arizona, Nebraska, and South Dakota topped the rankings, big cities like Detroit, Baltimore, New Orleans, and, yes, Philadelphia, were staggered at the bottom of the rankings, with Philadelphia falling at No. 128 in the 150-city survey. Rankings were defined in a couple ways: rental market and affordability (weighing factors such as rent-to-price ratio, security deposits, cost of living, historical rental price changes, and others) and overall quality of life (weighing factors such as job market, driver friendliness, and the weather). Considering the weight on ...