![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market](http://d39ah2zlibpm3g.cloudfront.net/wp-content/uploads/2017/10/19155904/20171020-Share-STM.jpg)
![The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market](http://d39ah2zlibpm3g.cloudfront.net/wp-content/uploads/2017/10/19155844/20170623-Rent-vs.-Buy-STM.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 (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), 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!
Source: KCM