Atlanta, Georgia - Comparing Cost of Renting vs. Buying

Metro area

Low-priced home, 6% loan

7% loan

2-BR rental

3-BR rental

Cost diff. between 6% loan and 2 BR rental

San Jose-Sunnyvale-Santa Clara, Calif.

$3,778

$4,311

$1,293

$1,859

($2,485)

San Francisco-Oakland-Fremont, Calif.

$3,637

$4,149

$1,592

$2,125

($2,045)

Los Angeles-Long Beach-Santa Ana, Calif.

$3,054

$3,485

$1,300

$1,746

($1,754)

Oxnard-Thousand Oaks-Ventura, Calif.

$3,120

$3,560

$1,422

$2,038

($1,698)

Bridgeport-Stamford-Norwalk, Conn. 

$2,658

$3,033

$1,171

$1,399

($1,487)

San Diego-Carlsbad-San Marcos, Calif.

$2,771

$3,162

$1,355

$1,976

($1,416)

Honolulu

$2,921

$3,332

$1,630

$2,377

($1,291)

New York-North New Jersey-Long Island, N.Y.-Pa.*

$2,415

$2,756

$1,318

$1,621

($1,097)

Sacramento-Arden-Arcade-Roseville, Calif.

$1,973

$2,251

$982

$1,417

($991)

Washington, D.C.-Arlington-Alexandria, Va.-Maryland-West Virginia  *

$2,303

$2,627

$1,324

$1,708

($979)

Seattle-Tacoma-Bellevue, Wash.

$1,921

$2,192

$942

$1,331

($979)

Stockton, Calif.

$1,889

$2,155

$914

$1,255

($975)

Modesto, Calif.

$1,640

$1,871

$864

$1,239

($776)

Riverside-San Bernardino-Ontario, Calif.

$1,917

$2,187

$1,142

$1,622

($775)

Portland, Ore.-Vancouver, Wash.-Beaverton, Ore. 

$1,462

$1,668

$757

$1,102

($705)

Boston-Cambridge, Mass.-Quincy, N.H. 

$2,051

$2,340

$1,353

$1,618

($698)

Fresno, Calif.

$1,438

$1,640

$805

$1,171

($633)

Miami-Fort Lauderdale-Pompano Beach, Fla. 

$1,636

$1,867

$1,035

$1,324

($601)

Baltimore-Towson, Md. 

$1,600

$1,826

$1,013

$1,301

($587)

Las Vegas-Paradise, Nev. 

$1,575

$1,797

$996

$1,382

($579)

Poughkeepsie-Newburgh-Middletown, N.Y. 

$1,673

$1,909

$1,103

$1,352

($570)

Providence, R.I.-New Bedford-Fall River, Mass. 

$1,573

$1,795

$1,020

$1,221

($553)

Worcester, Mass. 

$1,515

$1,728

$965

$1,154

($550)

Bakersfield, Calif.

$1,225

$1,398

$679

$981

($546)

Phoenix-Mesa-Scottsdale, Ariz. 

$1,343

$1,532

$862

$1,256

($481)

Salt Lake City

$1,164

$1,328

$754

$1,061

($410)

Denver-Aurora, Colo. 

$1,274

$1,454

$876

$1,244

($398)

Chicago-Naperville-Joliet, Ill.-Indiana-Wisconsin*

$1,335

$1,524

$944

$1,154

($391)

Minneapolis-St. Paul, Minn.-Bloomington, Wis. 

$1,236

$1,411

$848

$1,110

($388)

Madison, Wis.

$1,161

$1,325

$807

$1,083

($354)

Cape Coral-Fort Myers, Fla. 

$1,236

$1,410

$886

$1,204

($350)

Boise City-Nampa, Idaho 

$996

$1,136

$660

$960

($336)

Hartford-West Hartford-East Hartford, Conn. 

$1,307

$1,492

$985

$1,183

($322)

Orlando-Kissimmee, Fla. 

$1,232

$1,405

$915

$1,146

($317)

Ogden-Clearfield, Utah 

$1,002

$1,143

$692

$952

($310)

Virginia Beach-Norfolk-Newport News, Va.-North Carolina *

$1,211

$1,381

$904

$1,247

($307)

Tucson, Ariz. 

$1,069

$1,220

$769

$1,110

($300)

Colorado Springs, Colo. 

$1,093

$1,248

$797

$1,137

($296)

Philadelphia-Camden, N.J.-Wilmington, Del. -Maryland*

$1,227

$1,400

$932

$1,116

($295)

New Haven-Milford, Conn. 

$1,400

$1,598

$1,142

$1,367

($258)

Allentown-Bethlehem, Pa.-Easton, N.J. 

$1,074

$1,226

$816

$1,056

($258)

Milwaukee-Waukesha-West Allis, Wis. 

$1,045

$1,192

$795

$1,002

($250)

Springfield, Mass. 

$1,094

$1,248

$844

$1,010

($250)

Richmond, Va. 

$1,102

$1,257

$870

$1,161

($232)

Sarasota-Bradenton-Venice, Fla. 

$1,231

$1,405

$1,002

$1,280

($229)

Raleigh-Cary, N.C. 

$1,013

$1,156

$797

$1,002

($216)

Portland-South Portland-Biddeford, Maine 

$1,248

$1,424

$1,036

$1,305

($212)

Palm Bay-Melbourne-Titusville, Fla. 

$1,016

$1,159

$815

$1,098

($201)

Jacksonville, Fla. 

$997

$1,137

$816

$1,024

($181)

Atlanta-Sandy Springs-Marietta, Ga. 

$991

$1,131

$824

$1,003

($167)

Albuquerque, N.M. 

$907

$1,035

$760

$1,107

($147)

Nashville-Davidson-Murfreesboro-Franklin, Tenn. 

$868

$990

$723

$938

($145)

Deltona-Daytona Beach-Ormond Beach, Fla. 

$985

$1,124

$845

$1,093

($140)

Charleston-North Charleston, S.C. 

$958

$1,093

$823

$1,072

($135)

Charlotte-Gastonia, N.C.-Concord, S.C. 

$873

$996

$740

$932

($133)

Columbus, Ohio 

$847

$967

$718

$903

($129)

Tampa-St. Petersburg-Clearwater, Fla. 

$1,008

$1,150

$883

$1,119

($125)

Knoxville, Tenn. 

$751

$857

$633

$848

($118)

St. Louis -Illinois*

$816

$930

$711

$916

($105)

Louisville-Jefferson County, Ky.-Indiana *

$748

$853

$663

$926

($85)

Harrisburg-Carlisle, Pa. 

$806

$920

$722

$911

($84)

Albany-Schenectady-Troy, N.Y. 

$923

$1,053

$851

$817

($72)

Cincinnati-Middletown, Ind. 

$795

$907

$726

$972

($69)

Kansas City, Mo.-Kansas City, Kan. 

$805

$919

$754

$1,020

($51)

Detroit-Warren-Livonia, Mich. 

$850

$970

$805

$963

($45)

Cleveland-Elyria-Mentor, Ohio 

$767

$876

$725

$929

($42)

Des Moines-West Des Moines, Iowa 

$772

$881

$732

$938

($40)

Greenville-Mauldin-Easley, S.C. 

$688

$785

$649

$857

($39)

Grand Rapids-Wyoming, Mich. 

$739

$843

$702

$896

($37)

Chattanooga, Tenn.-Georgia* 

$670

$764

$639

$787

($31)

Omaha, Neb.-Council Bluffs, Iowa *

$732

$835

$710

$948

($22)

Toledo, Ohio 

$677

$773

$656

$846

($21)

Indianapolis-Carmel, Ind. 

$745

$850

$726

$939

($19)

Birmingham-Hoover, Ala. 

$706

$806

$690

$876

($16)

Akron, Ohio 

$741

$845

$743

$945

$2

Scranton-Wilkes-Barre, Pa. 

$624

$712

$627

$795

$3

Austin-Round Rock, Texas 

$925

$1,055

$935

$878

$10

Dayton, Ohio 

$667

$761

$678

$913

$11

Greensboro-High Point, N.C. 

$707

$807

$719

$911

$12

Lakeland, Fla. 

$730

$833

$745

$945

$15

Columbia, S.C. 

$661

$755

$692

$855

$31

Baton Rouge, La. 

$722

$824

$758

$966

$36

Oklahoma City 

$598

$683

$641

$865

$43

Wichita, Kan. 

$576

$657

$622

$796

$46

Little Rock-North Little Rock-Conway, Ark. 

$628

$717

$678

$908

$50

Augusta, Ga.-Richmond County, S.C. 

$600

$685

$654

$876

$54

Tulsa, Okla. 

$611

$697

$666

$880

$55

Youngstown-Warren, Ohio-Boardman, Pa. 

$525

$599

$587

$739

$62

Pittsburgh

$596

$680

$666

$828

$70

El Paso, Texas 

$491

$560

$567

$813

$76

Memphis, Tenn.-Mississippi-Arkansas *

$665

$758

$743

$990

$78

New Orleans-Metairie-Kenner, La. 

$898

$1,024

$990

$1,271

$92

Dallas-Fort Worth-Arlington, Texas 

$758

$865

$871

$1,156

$113

Jackson, Miss. 

$619

$706

$747

$899

$128

Houston-Sugar Land-Baytown, Texas 

$710

$810

$852

$1,136

$142

Rochester, N.Y. 

$626

$715

$773

$928

$147

Buffalo-Niagara Falls, N.Y. 

$557

$636

$704

$871

$147

Syracuse, N.Y. 

$557

$635

$713

$913

$156

San Antonio

$597

$681

$780

$1,006

$183

McAllen-Edinburg-Mission, Texas 

$355

$405

$609

$730

$254