Single people are growing in importance in the housing market, so SmartAsset set out to find the places to which they gravitate. Here's what it found:
- Higher incomes at the top. Perhaps unsurprisingly, median incomes are much higher in the top 10 cities than in the bottom 10. Incomes in the top 10 cities average about $75,800, while incomes in the bottom 10 average about $57,300.
- High housing costs and high homeownership rates. The figure for average monthly housing costs across the top 10 cities ($1,397) is higher than the figure for average monthly housing costs across the bottom 10 cities ($1,290).
- Arizona, a top state for single homeownership, has a lot of retired homeowners as well.Arizona has three cities in the top 10 and a fourth in the top 15 of this study. All four of those Arizona cities also rank among the top 15 cities where retirees are moving. Overall in Arizona, 31.4% of people aged 65 and over own their homes.
