Blog > The Cost of Renting vs. Buying Today [INFOGRAPHIC]
![The Cost of Renting vs. Buying Today [INFOGRAPHIC] | Simplifying The Market](https://img.chime.me/image/fs/chimeblog/wp-migration/924/20260608/16/original_b8febc3a2d624ae29a5d3d1e1300c744.jpg)
Some Highlights:
- Historically, the choice between renting or buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious.
- Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!