Arizona as been reported to be one of the most budget-friendly states for single, independent, aspiring homeowners, or renters.
The housing market has been advancing over the past few years, inspiring many individuals that buying a home could be a dream of theirs come true, too! Unfortunately, being single and wishing to live independently does limit your options when it comes to buying or renting.
According to the American Association of University Women, multiple studies have shown that women earn significantly less money than men, making it substantially more difficult for women to afford a monthly mortgage or rent when financial requirements for mortgages and rent have the limitations of not exceeding more than 30% of your monthly income.
The housing gender gap does make it harder for single individuals to purchase a home, but it does not make it impossible.
Where can both single men and single women afford to buy a home in the 50 U.S. largest cities?
Here’s what Property Shark had to report about the most affordable U.S. states for single men and single women.
Affordable cities for single men Affordable cities for single women
As you can see, there were multiple cities within the state of Arizona reported affordable for single women and single men.
The three largest cities in Arizona – Phoenix, Tucson and Mesa – also score well on gender equality, and have home prices that are balanced with the income levels of both men and women. As elsewhere, though, the larger the city the higher home prices go, while income doesn’t rise as fast – therefore, residents of Phoenix and Las Vegas pay proportionally more on housing than those living in smaller cities, whatever their gender.