Will you rent or buy?
Help me decide
For most independent adults, the largest expense encountered on a monthly basis
is paying the rent or making a mortgage payment. Some adults, particularly college
students or recent graduates, may not be able to afford to live on their own and
instead choose to move back home with their parents, another family member or a
friend. Those that do decide to live on their own have several options when it comes
to selecting the right housing for them.
An efficiency or studio apartment can help you save on your monthly budget, but
it also limits the amount of space in your living quarters. Other options include
a one- or two-bedroom apartment, but remember this general rule: The more space
you have, the more it costs. It is also important to remember that housing costs
vary by location.
For more information on housing, visit
www.zillow.com and www.HUD.org.
Includes a living room, bedroom and kitchenette in one area with a bathroom in a separate room.
Median home price as listed by Zillow.com. The monthly payment includes interest for a 30-year loan.
Includes a living or dining room and a separate bedroom and bathroom.
You may have to abide by their rules but it’s free.
Includes a dining room, two separate bedrooms and bathroom.