Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]
![Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/02/10131432/Rent-vs.-Buy-STM-1046x1354.jpg)
Some Highlights:
- Historically, the choice between renting or buying a home has been a close decision.
- Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
- Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!
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