ranking

Tiffin ranked among most budget-friendly cities in the country for renters

Information provided by LendEDU

According to website LendEDU, the City of Tiffin has been nationally recognized by LendEDU as one of the most budget-friendly cities in the country for renters.

Using real estate data deriving from the U.S. Census Bureau on more than 25,000 American cities, LendEDU ranked each city according to its rent-to-income ratio, or the proportion of a city’s median household income that goes to annual rent costs (including utilities). A lower percentage was more favorable.

Tiffin had an average annual rent cost of $8,712 and a median household income of $48,010 for a rent-to-income ratio of 18.15%. It is generally recommended that a renter’s rent should cost no more than 30% of their annual income, so these numbers speak to Tiffin’s proximity to high-paying jobs relative to the affordable housing in the area.

Tiffin’s low rent-to-income ratio ranked #439 in the country and #41 in the state of Ohio.

According to LendEDU, the cities and towns featured in this report, like Tiffin, are great places for young adults to rent an apartment or home in because the availability of high-paying jobs makes rent only a small portion of their budgets, which means the opportunity to save will be there for the taking.

Tiffin makes list of best commuter cities

Last week, Tiffin was recognized for another aspect of its great quality of life. The Utah-based insurance company Obrella just published their list of the best commuter cities in Ohio, and Tiffin was in the top 15%, ranking 25th out of 173 communities evaluated.

In its research, Obrella looked at the traffic data from the most recent census survey in cities with a population of more than 10,000 to compile a list of the 40 best and worst commuter cities. There are 173 such cities in Ohio. The results? While the average American travels 25 miles to work each way, the average Tiffin commuter travels less than 20 miles (about a 20% time savings), and the majority of residents travel 15 minutes or less (a 40% time savings).

Add to this the fact that Tiffin also has the third highest percentage of public transit users among the cities listed. For a small community, Tiffin continues to work on its public transit to improve quality of life. SCAT, for instance, provides great, inexpensive transportation throughout Tiffin, Fostoria, and all of Seneca County.

It’s just another reason why it’s great to live, find workers, and grow a business here.

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