The Benefits of Roommate Living in San Diego

In the face of skyrocketing housing costs across the United States, many are opting to rent rather than purchase homes. San Diego, characterized by its steep living expenses, topped the U.S. News & World Report’s 2023-2024 list as the most unaffordable metro area in the country. This economic landscape makes sharing living spaces a financially sensible choice for many.

A financial technology company, SmartAsset, analyzed savings potential when renting with a roommate in 100 major U.S. cities. San Diego, often called “America’s Finest City,” ranked ninth in the study. According to their data, the average monthly rent for a two-bedroom apartment in San Diego from March 2023 to March 2024 is $3,130. In comparison, a one-bedroom apartment costs about $2,330 per month. By splitting the rent for a two-bedroom apartment, a single renter could save $765 each month.

This trend of savings extends beyond San Diego to other Californian cities ranked in the study; San Francisco came in at fourth place and San Jose at seventh. Renters in San Francisco can save about $975 per month, while those in San Jose can save around $835 by opting for a shared two-bedroom apartment over a solo one-bedroom unit. SmartAsset’s study method involved comparing the average rents for one and two-bedroom apartments across the largest U.S. cities, calculating the cost savings when rent is divided equally among roommates.

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