DENVER — Renters in Denver say they are mostly satisfied despite the high costs of living in the city, according to a survey.
Denver received an overall rental satisfaction grade of B-plus in the survey done by Apartment List.
The grade is the 11th highest of any of the top 50 U.S. cities, according to the survey.
Renters gave A grades when it came to recreational activities, and social life; A-minus grades for jobs and career opportunities, weather, public transit, and pet friendliness; B-plus grade for safety and crime rate; B grade for state and local taxes; B-minus grades for quality of schools and commute time.
But when it came to affordability, renters gave Denver a D grade.
“Denver renters expressed general satisfaction with the city overall,” Apartment List said in a statement. “With expensive rents in tech hubs, it comes as no surprise that cost of living is a source of dissatisfaction in Denver.
“Millennial renters are very satisfied with their city, giving it an overall rating of A, while renters who are parents are less satisfied, giving it a C.”
Denver rents increased 3.2 percent in 2017, while the national average was a 2.5 percent gain.
The average median rent for a one-bedroom apartment was $1,030 in December, while a two-bedroom unit rented for $1,310.
Renters in Scottsdale, Arizona; Plano, Texas; Huntington Beach, California; and Cambridge, Massachusetts, were the most satisfied, according to the survey.AlertMe