DataMarkets & Economy

How happy are renters in tech industry cities?

Avvo reports renters are generally satisfied but wish housing costs were cheaper
  • Avvo released a survey finding that 70 percent of renters wished housing costs were cheaper, but 73 percent were happy with their situation.
  • Residents in the south were most likely to be happy with their living situation and costs, followed by Midwest and Pacific renters.
  • In San Francisco, 76 percent of renters said the tech industry had a negative impact on the housing situation.

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According to a new study, not all renters are living a care-free life -- and it's mostly about money. Avvo, an online legal services provider, recently released a study measuring renter satisfaction throughout several popular U.S. metros. According to the results, 70 percent of renters felt their housing costs were too high, and 73 percent of renters were happy with their place but said it can be a challenge to find a good place to put down roots. The survey polled 1,000 renters, ages 18 to 50, from Austin, Boston, San Francisco and Seattle. People in the south were most likely to be happy with where they live, the study says, as 75 percent of renters were satisfied. Renters in the northeast were the smallest group of renters happy with their current situation, at 67 percent. Renters in the Midwest and Pacific were 74 percent likely to be happy with their living situation. Is the tech industry to blame? The survey found that renters in some of the biggest tech-centric c...