Menlo Park Ranks No. 6 'Best City to Rent, Not Buy' In Bay Area

From NerdWallet:

A new report by consumer finance site NerdWallet shares the best cities to rent, not buy in the San Francisco Bay Area.

Menlo Park ranks #6, with a price-to-rent ratio of 26.1 -- meaning it is 26.1 times cheaper to rent than buy here. 43.8% of residents in Menlo Park rent rather than own their residences.

A few notable takeaways:

• Price-to-rent ratios make a difference. The places with the highest price-to-rent ratios shot up to the top even though we averaged the three factors equally.
• Cities with technology companies ranked well. Each one of the top five cities is home to facilities or headquarters of major technology companies. Perhaps unsurprisingly, median incomes above $100,000 reflect the competitive job markets in those areas. However, certain cities, such as Mountain View, scored lower because of its low supply of rental units.

Link to the study: Best Cities to Rent, Not Buy, in the San Francisco Bay Area

Check out this interactive map of top 10 cities for renters in the San Francisco Bay Area. Click on each icon to see the city’s overall score.