Oregon offers an array of natural beauty, from the rugged coastline of the Pacific Ocean to the snow-capped peaks of the Cascade Range. Its cities, like Portland with its eclectic vibe and Eugene as a hub for arts and outdoor enthusiasts, provide distinctive living environments. Yet, living in Oregon presents its own set of considerations. In this ApartmentGuide article, we’ll examine the pros and cons of living in Oregon, offering valuable insights to help you navigate what life is like in the “Beaver Sate.”
Renting in Oregon snapshot
1. Pro: Vibrant outdoor activities
Oregon’s diverse landscape offers an abundance of outdoor activities, from hiking in the Cascade Mountains to exploring the scenic coastline. Whether you’re into mountain biking through the lush forests of Mount Hood, kayaking along pristine rivers, or simply enjoying a leisurely picnic surrounded by breathtaking scenery, Oregon offers endless opportunities.
2. Con: Weather variability
Oregon’s weather can be quite variable, with the western part of the state experiencing a lot of rainfall, leading to damp conditions for much of the year. This can affect outdoor plans and sometimes lead to seasonal affective disorder among residents. Additionally, the eastern part of the state tends to be drier, offering a stark contrast to the coastal regions and providing opportunities for different outdoor activities and landscapes to explore.
3. Pro: Eco-friendly living
Oregon is known for its commitment to sustainability and environmental protection. Cities like Portland are at the forefront of green living, with extensive recycling programs, eco-friendly public transportation options, and a high number of LEED-certified buildings. For example, Portland’s MAX Light Rail system not only reduces carbon emissions but also provides convenient access to various parts of the city without the need for a car.
4. Con: High income tax rates
Oregon has one of the highest state income tax rates in the country. This can significantly affect the take-home pay of residents, making it a challenging aspect of financial planning for those living and working in the state. For instance, Oregon’s progressive income tax system imposes higher rates on higher income brackets, with the top marginal rate exceeding 9%.
5. Pro: Rich cultural scene
The state boasts a rich cultural scene, with a thriving arts community, numerous music festivals, and a strong craft beer and coffee culture. Cities like Portland and Eugene host a variety of cultural events that celebrate Oregon’s diverse heritage and innovative spirit. If you’re in the area be sure to check out Portland Pizza Week where you can find $2 slices around downtown.
6. Con: Earthquake risk
Oregon is located in the Pacific Ring of Fire, making it susceptible to earthquakes. While the state has made strides in preparing for such events, the potential for significant seismic activity remains a concern for residents.
7. Pro: Active lifestyle
In Oregon, an active lifestyle is ingrained in the culture, with residents embracing outdoor recreation as a way of life. From hiking in the Cascade Mountains to surfing along the coast, there are endless opportunities to stay active and explore nature’s wonders.
8. Con: Seasonal allergies
Oregon’s seasonal allergies can be a downside to living in the state, particularly for those sensitive to pollen and other allergens. During certain times of the year, such as spring and early summer, pollen levels can be high in cities like Salem, leading to discomfort for allergy sufferers.
9. Pro: Diverse culinary scene
Oregon’s culinary scene is celebrated for its diversity, with a focus on farm-to-table dining, seafood sourced directly from the Pacific Ocean, and a vibrant array of international cuisines. For example, Portland’s food carts offer a taste of global flavors, from authentic Mexican street tacos to Japanese ramen bowls.
10. Con: Traffic congestion
In urban areas, particularly Portland, traffic congestion can be a significant issue. The city’s infrastructure struggles to keep up with the growing population, leading to longer commute times and frustration among drivers.
11. Pro: No sales tax
Oregon’s lack of sales tax is a significant perk for residents, allowing them to stretch their dollars further when making purchases. This absence of sales tax means that the price displayed is the final price, simplifying budgeting and reducing unexpected expenses for consumers.
12. Con: Limited job opportunities
Oregon’s job market can be competitive and limited, particularly in certain industries and regions of the state. This scarcity of job opportunities may require residents to search extensively or consider relocation for employment prospects, especially in fields outside of the state’s dominant sectors like technology and healthcare.
Methodology : The population data is from the United States Census Bureau, walkable cities are from Walk Score, and rental data is from ApartmentGuide.
Welcome to the charming city of Akron, Ohio, where the blend of urban amenities and natural beauty creates a unique and inviting atmosphere. Nestled along the banks of the Ohio and Erie Canal, Akron boasts a rich history and a thriving arts and culture scene. Residents of Akron enjoy a close-knit community, affordable living, and a wide range of recreational activities. So whether you’re searching for the perfect apartment in Akron or eyeing a cozy home for rent, you’ve come to the right place.
In this ApartmentGuide article, we’ll cut to the chase, breaking down the pros and cons of moving to Akron. Let’s get started and see what awaits in this vibrant city of Ohio.
Pros of living in Akron
1. Affordable cost of living
Akron boasts an affordable cost of living, making it an attractive option for individuals looking to stretch their budget. The average rent for apartments in Akron, is between $799 and $1,099 in 2024. Housing prices are reasonable, and the overall expenses for groceries, transportation, and healthcare are also relatively low compared to other cities. This allows residents to enjoy a comfortable lifestyle without breaking the bank.
2. Rich cultural heritage
Akron has a rich cultural heritage, with a strong emphasis on the arts and history. The city is home to numerous museums, galleries, and theaters, offering residents a diverse range of cultural experiences. From the Akron Art Museum to the Stan Hywet Hall & Gardens, there are plenty of opportunities to immerse oneself in the city’s vibrant cultural scene.
3. Access to outdoor recreation
Residents of Akron have easy access to outdoor recreation opportunities, thanks to the city’s proximity to parks, hiking trails, and nature reserves. The Cuyahoga Valley National Park is just a short drive away, providing a picturesque setting for hiking, biking, and birdwatching. The city also offers a variety of recreational activities, including golf courses, community pools, and sports leagues, catering to outdoor enthusiasts of all ages.
4. Strong sense of community
Akron is known for its strong sense of community, with residents actively participating in local events, volunteer initiatives, and neighborhood associations. The city’s close-knit neighborhoods foster a supportive and friendly environment, where neighbors look out for one another and come together to celebrate traditions and milestones. This sense of community creates a welcoming and inclusive atmosphere for new residents.
5. Diverse culinary scene
Akron offers a diverse culinary scene, with a wide range of dining options to satisfy every palate. From cozy diners serving up classic comfort food to trendy eateries offering international cuisine, there’s no shortage of delicious meals to enjoy. The city also hosts food festivals, farmers’ markets, and culinary events, showcasing the local flavors and talents of Akron’s culinary community.
6. Educational opportunities
Akron is home to several reputable educational institutions, including the University of Akron and Kent State University’s satellite campus. This provides residents with access to quality higher education and lifelong learning opportunities. The city also has a strong public school system, with a focus on academic excellence and extracurricular activities for students of all ages.
7. Thriving job market
Akron has a thriving job market, with employment opportunities in various industries such as healthcare, manufacturing, and technology. The city’s strategic location and business-friendly environment make it an attractive destination for job seekers and entrepreneurs. Additionally, Akron’s commitment to economic development and innovation contributes to a dynamic and diverse workforce.
Cons of living in Akron
1. Harsh winters
Akron experiences harsh winters with heavy snowfall and cold temperatures, which can be challenging for residents who are not accustomed to such weather conditions. The winter months often require extra precautions for driving and outdoor activities, and the need for snow removal and maintenance can be a hassle for homeowners.
2. Limited public transportation
Akron has limited public transportation options, which can be inconvenient for residents who rely on buses or trains for their daily commute. With a transit score of 30, the city’s public transit system is not as extensive as in larger metropolitan areas. Making it necessary for many residents to own a car for their transportation needs. This can lead to traffic congestion and parking issues in certain areas.
3. Industrial landscape
Akron has an industrial landscape, with a history rooted in manufacturing and rubber production. While the city has diversified its economy over the years, some neighborhoods still bear the remnants of heavy industry, including abandoned factories and industrial sites. This can detract from the aesthetic appeal of certain areas and impact the overall environmental quality.
4. Limited nightlife options
Akron has limited nightlife options compared to larger cities, with fewer bars, clubs, and entertainment venues available for residents to enjoy. While the city has a growing arts and music scene, the nightlife may not be as vibrant or diverse as in other urban centers, leading some residents to seek entertainment options in neighboring cities.
5. Weather-related challenges
In addition to harsh winters, Akron experiences weather-related challenges such as heavy rainfall and occasional flooding. The city’s proximity to the Cuyahoga River and its tributaries can result in localized flooding during periods of intense precipitation, posing potential risks for residents living in flood-prone areas.
Mortgage rates surged at a pace seen only one other time since October 2022. The average lender moved up by 0.28%, which is functionally equivalent to the 0.29% seen after the February 2nd jobs report. In fact, today was arguably worse because the Feb 2nd example happened a day after rates hit long-term lows. The implication is that the jump would not have been as big in early Feb if rates weren’t undergoing a correction from those lows.
Hair splitting aside, there just aren’t many past examples of rates rising more than a quarter point in a day. Before covid, it had happened one other time in the past decade.
Translation: it was a rough day for rates. But why?
We’ve been rather incessantly focused on the risks associated with today’s Consumer Price Index (CPI) in the days and weeks leading up to its release. It ended up exceeding the hype by showing that inflation refuses to head to the lower levels required for a lower interest rate environment. Today is really that simple.
Rates are highly dependent on inflation data at the moment. We’ll get another inflation report tomorrow, but it never operates on the same scale of relevance to rates as CPI. That’s not to say a friendly result wouldn’t help, but the data stands an equal chance to be unfriendly, thus compounding today’s problems as opposed to taking the edge off.
We’ll talk more about longer-term, bigger-picture implications on Friday.
Atlanta, GA, is a vibrant Southern city renowned for its rich history, dynamic culture, and booming culinary scene. Home to approximately 498,000 residents, Atlanta has iconic landmarks such as the Georgia Aquarium, the Martin Luther King Jr. National Historic Site, and the Atlanta Botanical Garden. In Atlanta, the average rent for a studio apartment is $1,614, while a one-bedroom unit averages $1,750.
Whether you’re new to Atlanta or in search of more budget-friendly areas, ApartmentGuide is here to help. We’ve compiled a list of the most affordable neighborhoods in Atlanta to rent this year.
10 Affordable Neighborhoods in Atlanta, GA
Atlanta is home to an array of neighborhoods, each adding its own unique flavor to the city’s vibrant culture. From Loring Heights to Summerhill, Atlanta’s neighborhoods cater to various budgets. Let’s see what areas made the list.
1. Southside 2. Mechanicsville 3. Loring Heights 4. Pittsburgh 5. East Lake 6. Pine Hills 7. Summerhill 8. Brookwood 9. Northwest Atlanta 10. Underwood Hills
Read on to see what each neighborhood has to offer its residents.
1. Southside
Average studio rent: $1,430 Average 1-bedroom rent: $1,200 Apartments for rent in Southside
Southside is the most affordable neighborhood in Atlanta, as the average rent for a one-bedroom unit is $1,200. There are many reasons to love living in Southside, from attractions like the Southside Park and Zoo to venues like Lakewood Amphitheatre. If you’re looking for a taste of the neighborhood, there are a variety of local restaurants to explore, showcasing Atlanta’s food scene.
2. Mechanicsville
Average studio rent: $1,595 Average 1-bedroom rent: $1,265 Apartments for rent in Mechanicsville
Mechanicsville is a bustling area just south of downtown Atlanta. This affordable neighborhood has many attractions, such as Believe Music Hall and Rosa Burney Park. It’s also significantly less expensive than Downtown Atlanta, but you’re still close enough to explore the area and check out sites like the Fairlie-Poplar District and the Georgia Capitol Museum.
3. Loring Heights
Average studio rent: $1,077 Average 1-bedroom rent: $1,323 Apartments for rent in Loring Heights
With an average one-bedroom rent of $1,323, Loring Heights is the third-most affordable neighborhood in Atlanta. This neighborhood is an awesome option and is near attractions like Loring Heights Park and Tanyard Creek Greenspace. There are also picturesque views of the cityscape, so this area is great for exploring and enjoying Atlanta.
4. Pittsburgh
Average studio rent: $1,477 Average 1-bedroom rent: $1,333 Apartments for rent in Pittsburgh
Pittsburgh is the fourth-most affordable neighborhood in Atlanta, just south of Mechanicsville. This neighborhood is a great option if you’re looking to rent in a more residential area. You can find parks like Pittman Park and access to the Beltline, a popular trail.
5. East Lake
Average studio rent: $1,250 Average 1-bedroom rent: $1,447 Apartments for rent in East Lake
Just about 5 miles from downtown, East Lake is a stellar neighborhood if you want to live outside of the downtown corridor. There are some great parks nearby, like East Lake Park and East Lake Golf Club. There are also a few bus routes in the area, particularly along Hosea L. Williams Drive, where you can also find some charming cafes.
6. Pine Hills
Average studio rent: $1,175 Average 1-bedroom rent: $1,492 Apartments for rent in Pine Hills
Next up is Pine Hills, the sixth-most affordable neighborhood in Atlanta. Pine Hills is full of history and charm, with tree-lined streets and parks. Make sure to enjoy the outdoors at Pine Hills Park or grab a meal at one of the neighborhood restaurants. You can also check out the nearby Peachtree Park Nature Trail or explore the Peachtree Highlands Historic District. There’s something for everyone living in Pine Hills.
7. Summerhill
Average studio rent: $1,593 Average 1-bedroom rent: $1,500 Apartments for rent in Summerhill
East of downtown, Summerhill is the seventh-most affordable neighborhood in Atlanta. Summerhill has a friendly atmosphere and community feeling, with plenty of local cafes and restaurants along Georgia Avenue, such as Wood’s Chapel BBQ and Maepole. You can also check out some of Summerhill’s green spaces, like Phoenix II Park, or watch a Georgia State University game at Center Parc Stadium.
Learn more about the Summerhill neighborhood in Atlanta.
8. Brookwood
Average studio rent: $1,259 Average 1-bedroom rent: $1,519 Apartments for rent in Brookwood
Brookwood takes the eighth spot on our list of most affordable neighborhoods in Atlanta. The average rent for a one-bedroom unit is roughly $1,519, making Brookwood a great option to consider. It’s north of downtown and is primarily a residential area. It’s also near several freeways and the Atlanta Peachtree Station, so getting around the city is easy. You can also catch the Northside Trail, a popular walking and cycling trail in the neighborhood.
9. Northwest Atlanta
Average studio rent: $1,425 Average 1-bedroom rent: $1,610 Apartments for rent in Northwest Atlanta
Northwest Atlanta is the next area on our list. A well-known Atlanta neighborhood, Northwest Atlanta is home to Westside Park, Terminal West, and the Trap Music Museum, meaning there’s plenty to do throughout the week. You’ll find countless historic buildings in Northwest Atlanta, so make sure to explore the area’s charm. If you need to commute to work, there are many nearby bus routes.
10. Underwood Hills
Average studio rent: $1,412 Average 1-bedroom rent: $1,622 Apartments for rent in Underwood Hills
Underwood Hills is the final affordable neighborhood in Atlanta to make our list. This area has a vibrant feeling with its local breweries and restaurants. You can find parks like Underwood Hills Park, which is perfect for enjoying a sunny day in Atlanta. Underwood Hills is also close to I-75 freeway, making it easy to commute into Downtown Atlanta.
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com in March 2024.
The Windy City, Chicago, IL, is a bustling Midwestern city known for its stunning architecture, diverse neighborhoods, and lakefront views. With a population of approximately 2.7 million residents, Chicago offers a blend of historic charm and modern amenities. From Millennium Park to the Art Institute of Chicago, the city has world-class attractions and iconic landmarks. In Chicago, the average monthly rent for a studio apartment is $1,735, while a one-bedroom unit averages $2,086.
Whether you’re new to Chicago or are looking for a more budget-friendly apartment, ApartmentGuide is here to help. We’ve gathered a list of the 10 most affordable neighborhoods in Chicago to rent in this year.
10 Affordable Neighborhoods in Chicago, IL
Chicago has plenty of historic and famous neighborhoods, each contributing to the city’s atmosphere. These Chicago neighborhoods all have rents below the city’s average for studio and one-bedroom apartments. From Hyde Park to South Shore, there are affordable options that won’t break the bank.
1. Hyde Park 2. South Shore 3. South Side 4. Irving Park 5. Ravenswood 6. Edgewater Beach 7. Albany Park 8. Lincoln Square 9. Edgewater 10. Rogers Park
Read on to see what each neighborhood has to offer its residents.
1. Hyde Park
Average studio rent: $1,150 Average 1-bedroom rent: $775 Apartments for rent in Hyde Park
Hyde Park is the most affordable neighborhood in Chicago – the average rent for a one-bedroom unit is $775. There are many reasons to love living in Hyde Park, from attractions like the Museum of Science and Industry and the Frederick C. Robie House to green spaces like Jackson Park, Promontory Point, and 57th Street Beach. If you’re looking for a taste of the neighborhood, there are a variety of local restaurants to explore, from Italian and Caribbean to vegan. For renters living in Chicago without a car, the ME Line runs through Hyde Park.
2. South Shore
Average studio rent: $725 Average 1-bedroom rent: $825 Apartments for rent in South Shore
South Shore is a relaxing area that’s just south of downtown Chicago. This affordable neighborhood has many attractions, such as the South Shore Cultural Center and Rainbow Beach. South Shore is a wonderful option if you want to be near Lake Michigan without living in Chicago’s pricier Gold Coast neighborhood. You can also catch the ME Line in South Shore, making it easy to get into the city.
3. South Side
Average studio rent: $725 Average 1-bedroom rent: $825 Apartments for rent in South Side
South Side is a lively area encompassing the southern portion of Chicago, including the above neighborhoods. This affordable neighborhood has lots of attractions, such as the Museum of Science and Industry, DuSable Black History Museum and Education Center, Guaranteed Rate Field, home to the White Sox, and the University of Chicago campus. You can also access the beachfront parks and trails along Lake Michigan.
4. Irving Park
Average studio rent: $925 Average 1-bedroom rent: $995 Apartments for rent in Irving Park
Irving Park is a bustling area just northwest of downtown Chicago. This affordable neighborhood has many attractions, such as the Irish American Heritage Center and Horner Park. Irving Park is known for its historic Victorian homes, so explore the neighborhood. It’s also home to many local coffee shops, restaurants, and breweries like ERIS Brewery and Cider House. For renters without a car, you can find the Union Pacific / Northwest (UP-NW) Line running through Irving Park.
5. Ravenswood
Average studio rent: $995 Average 1-bedroom rent: $1,215 Apartments for rent in Ravenswood
Ravenswood is a lush area with its beautiful trees and historic architecture. This neighborhood has many attractions, such as the Davis Theatre, River Park, and Winnemac Park. Ravenswood is a great area to explore Chicago’s food scene, as there are countless restaurants in the area, ranging from Italian and French to cozy cafes and updated American cuisine. Additionally, the UP-N Line and several bus routes stop in the Ravenswood neighborhood.
6. Edgewater Beach
Average studio rent: $1,130 Average 1-bedroom rent: $1,275 Apartments for rent in Edgewater Beach
Edgewater Beach is a bustling neighborhood that offers affordable rent prices near the waterfront. You can find plenty of parks like Berger Park, Lane Beach, and Foster Beach, all great options to enjoy a sunny Chicago day. Edgewater Beach also offers access to the Lakefront Trail, which is an awesome way to explore the area.
7. Albany Park
Average studio rent: $935 Average 1-bedroom rent: $1,300 Apartments for rent in Albany Park
Albany Park is the seventh-most affordable neighborhood in Chicago. It has many attractions, such as North Mayfair Park and Gompers Park. You can explore Albany’s charming main street, West Lawrence Avenue, which has plenty of restaurants and shops, ranging from bakeries and sushi to Mexican cuisine and bars. There are also plenty of transit stops, like the Brown Line.
8. Lincoln Square
Average studio rent: $995 Average 1-bedroom rent: $1,310 Apartments for rent in Lincoln Square
Lincoln Square is a lively area known for its German heritage, featured in the historic architecture and bakeries throughout the neighborhood. This affordable neighborhood has lots of attractions, such as the Old Town School of Folk Music and Winnemac Park.
9. Edgewater
Average studio rent: $1,137 Average 1-bedroom rent: $1,347 Apartments for rent in Edgewater
Edgewater is a vibrant and affordable neighborhood just outside of the Edgewater Beach neighborhood. You can find neighborhood restaurants and cafes along North Broadway and venues like The Edge Theater. It’s also close to beach parks like Foster Beach and the picturesque Foster Avenue Pierhead Light.
10. Rogers Park
Average studio rent: $1,135 Average 1-bedroom rent: $1,497 Apartments for rent in Rogers Park
Rogers Park takes the 10th and final spot on our list of affordable neighborhoods in Chicago. Located on the shores of Lake Michigan, Rogers Park is about 9 miles north of downtown, but you can find plenty of public transit options like the UP-N Line and the Red Line. The area is home to several parks, like Loyola Beach and North Shore Beach Park. You can also explore the shops and restaurants in the area.
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com in March 2024.
Los Angeles, CA, captivates with its sun-kissed beaches, sprawling urban landscape, and iconic landmarks like the Hollywood Sign and Griffith Observatory. With a population of around 3.9 million residents, Los Angeles has unique neighborhoods, world-class entertainment, and a one-of-a-kind culinary scene. In Los Angeles, the average rent for a studio apartment is $2,118, while a one-bedroom unit averages $2,614.
Whether you’re new to Los Angeles or searching for more budget-friendly housing options, ApartmentGuide is here to assist. We’ve curated a list of the 12 most affordable neighborhoods in Los Angeles for renting this year.
12 Affordable Neighborhoods in Los Angeles
From West Adams to Boyle Heights, Los Angeles’ neighborhoods cater to various budgets, and they’re all below the city’s average for studio and one-bedroom apartments. Let’s delve into these neighborhoods and find the perfect place to call home in the City of Angels.
1. West Adams 2. Rampart Village 3. Crenshaw 4. South LA 5. Eastside LA 6. Larchmont 7. East Hollywood 8. Greater Wilshire 9. Greater Valley Glen 10. Northeast LA 11. Silver Lake 12. Boyle Heights
Read on to see what each neighborhood has to offer its residents.
1. West Adams
Average studio rent: $1,995 Average 1-bedroom rent: $1,600 Apartments for rent in West Adams
West Adams is the most affordable neighborhood in Los Angeles, as the average rent for a one-bedroom unit is $1,600. There are plenty of reasons to love living in West Adams, from green spaces like Westside Neighborhood Park to its proximity to shopping centers. If you’re looking for a taste of the neighborhood, there are a variety of local restaurants to explore along West Adams Boulevard, showcasing Los Angeles’s food scene. For renters living in Los Angeles without a car, you can find some bus lines and the Metro E Line in West Adams.
2. Rampart Village
Average studio rent: $1,685 Average 1-bedroom rent: $1,849 Apartments for rent in Rampart Village
Rampart Village is a bustling area that’s just west of downtown Los Angeles. This affordable neighborhood has lots of attractions such as Shatto Park and Lafayette Lake. It’s also significantly less expensive than the nearby MacArthur Park neighborhood, but you’re still close enough to explore the area. It’s also Los Angeles’ 10th most walkable neighborhood so there are plenty of restaurants, shops, and venues nearby.
3. Crenshaw
Average studio rent: $1,722 Average 1-bedroom rent: $1,875 Apartments for rent in Crenshaw
With an average one-bedroom rent of $1,875, Crenshaw is the third-most affordable neighborhood in Los Angeles. This neighborhood is an awesome option as it’s near attractions like the Baldwin Hills Scenic Overlook and the Kenneth Hahn State Recreation Area. There are also picturesque views of the cityscape, so this area is great for exploring and enjoying Los Angeles. If you’re looking for a relaxing afternoon, you can find the Stocker Corridor Trail in the area.
4. South LA
Average studio rent: $1,799 Average 1-bedroom rent: $1,875 Apartments for rent in South LA
South LA is the fourth-most affordable neighborhood in Los Angeles. It’s a large neighborhood encompassing many smaller sub-neighborhoods, so it’s a great option if you want access to plenty of shops and restaurants. For example, you can easily access Chesterfield Square. There are also plenty of parks like Harvard Park and Exposition Park Rose Garden, and the area is easily accessible to major event centers like SoFi Stadium.
5. Eastside LA
Average studio rent: $1,695 Average 1-bedroom rent: $1,895 Apartments for rent in Eastside LA
Just about 5 miles from downtown, Eastside LA, or East LA, is a stellar neighborhood to consider if you want to live close to downtown. It’s also a great area if you’re living in Los Angeles without a car, as Eastside LA has several bus routes, including the Metro E Line. There are also parks nearby, like Belvedere Community Regional Park and Eugene A. Obregón Park.
6. Larchmont
Average studio rent: $1,550 Average 1-bedroom rent: $1,900 Apartments for rent in Larchmont
Next up is Larchmont, the sixth-most affordable neighborhood in Los Angeles. Larchmont is full of history and charm, with tree-lined streets, cafes, and a small park. This area is also often used as a filming location since it’s across the street from Paramount Pictures. Make sure to take a tour of Paramount Pictures or grab a meal at one of the neighborhood restaurants like Cafe Gratitude or Mario’s Peruvian & Seafood. There’s something for everyone living in Larchmont.
7. East Hollywood
Average studio rent: $1,554 Average 1-bedroom rent: $1,950 Apartments for rent in East Hollywood
Just outside of Larchmont is East Hollywood, the seventh-most affordable neighborhood in Los Angeles. East Hollywood has a friendly atmosphere and community feel, with plenty of local cafes and restaurants along West Sunset Boulevard, such as Jitlada and Ocha. This neighborhood is home to Little Armenia and Thai Town, giving you plenty to explore. You can also check out some of East Hollywood’s landmarks, like Barnsdall Art Park, which is home to Frank Lloyd Wright’s Mayan-inspired Hollyhock House.
8. Greater Wilshire
Average studio rent: $1,750 Average 1-bedroom rent: $2,050 Apartments for rent in Greater Wilshire
Greater Wilshire, also known as Hancock Park, takes the eighth spot on our list of most affordable neighborhoods in Los Angeles. The average rent for a one-bedroom unit is roughly $550 less than the city’s average, making Greater Wilshire a great option to consider. It’s about 5 miles from downtown, which means you’ll have the best of city life without living in the city center.
9. Greater Valley Glen
Average studio rent: $1,549 Average 1-bedroom rent: $2,149 Apartments for rent in Greater Valley Glen
A well-known Los Angeles neighborhood, Greater Valley Glen is the next area. Greater Valley Glen is home to the Valley Glen Community Park and the Tujunga Greenbelt, which runs along the Great Wall of Los Angeles, meaning there’s plenty to do throughout the week. You’ll find countless historic buildings in Greater Valley Glen, so make sure to explore the area’s charm. There are many options if you need to commute to work, as the 170 Freeway is nearby.
10. Northeast LA
Average studio rent: $1,650 Average 1-bedroom rent: $2,149 Apartments for rent in Northeast LA
The tenth-most affordable neighborhood in Los Angeles is Northeast LA. This area has a vibrant feeling with its popular restaurants and quirky shops. You can find countless parks and green spaces like the Ernest E. Debs Regional Park and the Ascot Hills Park, perfect for enjoying a sunny day in Los Angeles. Northeast LA also hosts the Old LA Farmers’ Market every Tuesday, providing residents with lots of opportunities to enjoy their neighborhood.
11. Silver Lake
Average studio rent: $2,000 Average 1-bedroom rent: $2,150 Apartments for rent in Silver Lake
Number 11 on our list is Silver Lake, a popular Los Angeles neighborhood. This affordable neighborhood is located near East Hollywood and Larchmont, so it’s an awesome area if you’re looking to be in the city’s center. You can find plenty of cozy cafes and lively restaurants along Sunset Boulevard. Silver Lake is also home to parks like the Silver Lake Reservoir and the Silver Lake Meadow.
12. Boyle Heights
Average studio rent: $1,650 Average 1-bedroom rent: $2,199 Apartments for rent in Boyle Heights
Taking the final spot on our list of affordable neighborhoods in Los Angeles is Boyle Heights. The average rent for a one-bedroom apartment is $2,199, compared to the city’s average of $2,614. This neighborhood is about 4 miles from downtown. Be sure to explore some of the neighborhood’s attractions like Mariachi Plaza, where you’ll find plenty of restaurants and access to the Metro E Line.
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com on March 18, 2024.
Looking for the best jobs that help people? Whether you are looking for a full-time job or a way to make extra income, there are many ways to make money by helping others. Picking a job that matches what you want to achieve personally and lets you help others can feel really good. In lots…
Looking for the best jobs that help people?
Whether you are looking for a full-time job or a way to make extra income, there are many ways to make money by helping others.
Picking a job that matches what you want to achieve personally and lets you help others can feel really good. In lots of different fields, jobs where you can help people have become very popular.
Whether it’s teaching, counseling, healthcare, or responding to emergencies, each job lets you change someone else’s life for the better. If you like the idea of helping out your community and giving assistance to those who need it, there are plenty of rewarding jobs that might be right for you.
Now, that doesn’t mean the jobs below are easy. While you may feel good knowing that you are helping people, many of these jobs are very hard. But, you will know that you are truly helping people and changing the world for the better.
30 Best Jobs That Help People
Below are 30 full-time and part-time jobs helping others in crisis, in your community and at homes.
1. Social worker
If you’re someone who likes to help others, becoming a social worker might be the perfect job for you. Social workers support people who face challenges in their lives. This could mean working with children, families, or even whole communities.
Social workers might work in schools, helping kids and families get through tough times, or in hospitals guiding patients through health challenges.
2. Teacher
A teacher’s job is about more than just giving lessons. The job is to guide and help students understand new information. When you teach, you make a real difference in the lives of your students.
Teachers work in different settings, such as at a public school, private institution, or even provide one-on-one education as a tutor. Some teachers work online too, which is a great option if you’re looking for more flexibility.
You can choose to become a kindergarten teacher, high school teacher, college instructor, or anything in between.
Recommended reading: 36 Best Side Jobs for Teachers To Make Extra Money
3. Nurse
Nurses play an important role in healthcare, helping people feel better and stay healthy.
I have met so many amazing nurses in my life, and it is such a helpful career path. I still very much remember all of the wonderful nurses who helped me when I was in the hospital giving birth to my daughter – these nurses were amazing and helped me so much, and I truly felt like they cared.
Nurses can work from home, in a hospital, or even in a law firm. A similar career path where you can help people is to become a nurse practitioner, with a higher salary and extra responsibilities.
Recommended reading: 27 Best Side Hustles For Nurses To Make Extra Money
4. Personal trainer
If you like staying active and want to help others, becoming a personal trainer could be a great fit for you.
As a personal trainer, you’ll get to work with people every day, helping them achieve their fitness goals. It’s not just about showing exercises; it’s about motivating and guiding people to live healthier lives.
Here are some of the things that personal trainers do:
Create workout plans.
Show people how to exercise correctly.
Keep track of a client’s progress.
Teach clients about healthy lifestyle choices.
Personal trainers are found in places like gyms, fitness centers, and sometimes they can even come to your home. Some trainers lead group classes, while others give one-on-one sessions.
5. Occupational therapist
An occupational therapist (OT) helps people of all ages do different activities that are important for their daily lives, work, school, and leisure. Some examples of occupational therapy include:
Dressing – OTs help individuals in selecting appropriate clothing and developing strategies to independently dress themselves.
Eating – OTs may recommend adaptive equipment or techniques to help individuals with feeding difficulties.
Household chores – They provide strategies to make household chores more manageable for individuals with physical or cognitive limitations.
Job tasks – OTs help individuals develop skills and strategies to perform job duties effectively and safely.
Community integration – They support individuals in participating in community events, clubs, and social gatherings.
As you can see, OTs help people in so many ways.
They work in places like hospitals, schools, or even patients’ homes are common spots for occupational therapists.
6. School counselor
School counselors play a big part in guiding students toward their future.
They help with class schedules, give advice, or plan big steps like going to college or finding a job. This job is important because school counselors help students do their best and feel good about themselves.
They also help in other ways, such as helping students who are going through a hard time in life, like helping them with handling a mental health issue or even dealing with the passing of a parent. They are very much needed in all schools!
7. Substance abuse counselor
Substance abuse counselors help people fight addiction and get their lives back on track. Their job is important because they guide people through tough times, showing them how to stay away from drugs or alcohol and live a healthier life.
They meet with people and listen to their stories, teach them new ways of dealing with problems without using substances, and support them as they make changes to better their lives.
8. Physician
Being a doctor is a way to make a big impact in your community, as everyone knows.
Depending on the specialty, they can check your health, find out what’s wrong when you’re sick, and give you the right medicine to help you feel better.
Doctors are important because they help us when we’re sick and also keep us healthy. They listen to our concerns, offer comfort, and provide treatments. This makes a big impact on many people’s lives every single day.
9. Lawyer
A lawyer’s main job is to protect the legal rights of their clients. This means giving advice based on the law and, sometimes, defending your client in court.
A lawyer might work at a large law firm, for businesses, or for everyday people with different problems. Lawyers tend to specialize in one area of law, like helping injured people, family issues, working with businesses, traffic tickets, and so on.
10. Paramedic
Paramedics are the people who arrive first when there’s a medical emergency.
Their job is to take care of people who are hurt or very sick, right there on the spot or while they’re on the way to the hospital for further treatment. They give first aid and other medical care, stay calm under pressure, and drive an ambulance if needed.
11. Firefighter
Firefighters are trained to fight fires and keep people, buildings, and nature safe. They rescue people and animals from burning buildings, help at accident scenes, and teach the public about staying safe from fires.
This is a tough job that every community needs.
12. Nutritionist
If you like helping people and love everything about food and health, think about becoming a nutritionist! A nutritionist is someone who helps people eat better and live healthier lives.
A nutritionist is a health expert who knows a lot about food and how it affects our bodies. They look at what people eat, their health goals, and make personalized plans to help them eat better. Nutritionists teach people about healthy eating, help with meal plans, and give support to make lasting changes in lifestyle.
They work in different places like schools, hospitals, or their own offices to help people be healthier through good nutrition.
13. Pediatric sleep consultant
Getting enough sleep is super important for babies and their parents. But sometimes, parents have trouble making sure their baby sleeps well.
This can lead to some parents getting nearly no sleep, and it impacts their life, their job, and their mental health.
That’s where pediatric sleep experts come in handy. They know a lot about helping kids sleep better, which helps families have better nights. If you really like working with kids and want to help them, becoming a sleep coach could be a great career option for you.
This is an area that so many parents need so that they can continue living their lives.
For me, I have taken many tips from pediatric sleep consultants so that I could help my child sleep better, and so that I in turn could get sleep as well. These were life-changing tips!
Recommended reading: How To Become A Sleep Consultant And Make $10,000 Each Month
14. Dentist
Dentists work with teeth and gums, and they help keep your mouth healthy as well as fix problems when they come up.
If you have a cavity, they can fill it. Or if you have something more serious, they can fix it too. Dentists tell you how to take care of your teeth so you can keep them strong and avoid future problems.
15. Psychologist
Psychologists help people deal with their feelings and thoughts by listening to people and understanding their problems. They work in schools, offices, and sometimes even online.
They ask questions, do tests, and figure out the best way to help people feel better.
16. Police dispatcher
Being a police dispatcher is an extremely important job that helps people in crisis.
Dispatchers have an important job in keeping communities safe and making sure everything runs smoothly. They answer emergency calls when you call 911 and send out the right help.
17. Police officer
Police officers in law enforcement keep areas safe by stopping crime and making sure laws are followed. They patrol the streets, keep an eye out for any trouble, and if someone calls for help or there’s an accident, police officers are the first to arrive.
A police officer’s work is very important for everyone’s safety. They are trained to handle many kinds of situations.
Some police officers have a degree in criminal justice, but not all have college degrees.
18. Massage therapist
Massage therapists use their skills to help relax tight muscles and ease pain. They work in many places like spas, hospitals, or sports centers.
This is a career path where you can make others feel physically better, relieve stress, and feel relaxed.
19. Speech and language therapist
Speech therapists (also known as speech-language pathologists) help people of all ages overcome difficulties with communication, as well as swallowing disorders.
Speech therapists work with children and adults who face challenges with speaking and understanding others, help those who have trouble eating or swallowing due to health issues, and create fun and engaging exercises to improve clients’ speech and language skills.
Many, many people use speech-language pathologists these days, especially for young children, and it is such a needed career path right now. Many cities have very long waitlists because there simply are not enough speech therapists, so this can be a very helpful career choice to get into.
20. Rehabilitation specialist
Rehabilitation specialists give support to those who need a little extra help due to health troubles like injuries or mental health challenges.
A day in the life of a rehabilitation specialist could include working with kids or adults, helping them with their skills to live a good life (kind of like teaching and cheering on someone as they learn or remember how to do important daily stuff).
These jobs are often found in places like hospitals, private clinics, or community centers.
21. Caregiver
Caregiving roles are very important careers that help people who really need it.
Caregivers play an important role in the lives of those who need help due to age, sickness, or disability. They provide support and company, making a real difference every day.
Caregivers do things like cook meals, drive people places, or just talk to make someone’s day brighter.
22. Home health aide
A home health aide is somewhat similar to a caregiver. Caregivers and home health aides both help people who need support with daily activities because of sickness, disability, or getting older. However, caregivers usually do a wider range of tasks like keeping people company, driving people places, cooking, and doing chores.
Home health aides focus more on personal care, such as helping with bathing, dressing, and reminding about medications. Home health aides often get formal training and might work under a nurse or another healthcare worker, while caregivers might not have formal training and often work on their own or for agencies.
Home health aides have an important job where they help people who need extra care to live comfortably in their homes. People like seniors or those with disabilities count on them to be there for them.
23. Translator
Translators connect people who speak different languages, and this job is important because they help people understand each other.
Translators work in many places. Some work in hospitals, making sure doctors and patients understand one another. Others translate books or websites, so everyone can enjoy stories or information, no matter what language they speak.
Many translation jobs let you work from home. Some jobs are full-time, and some are part-time. You can find what fits your life.
Recommended reading: 28 Ways To Get Paid To Text And Make Money
24. Environmental engineer
Environmental engineers figure out how to keep nature clean and safe. They sometimes work on projects that prevent pollution or create plans to fix damage that’s already been done, like cleaning up oil spills.
25. Pharmacist
Pharmacists know all about medicine, fill doctors’ prescriptions for patients, and explain how to take the medicine safely. This is a job that helps people because people need medicine in order to feel better.
Pharmacists work in pharmacies, drugstores, clinics, and hospitals.
26. Optometrist
Optometrists are eye doctors that help people see better. They check your eyes, find out if you need glasses or contacts, and can spot eye troubles before they become a bigger issue.
Eyes are important, of course, and so this is a job that definitely helps people.
27. Midwife
Becoming a midwife might be a great job for you if you enjoy helping people and have an interest in healthcare. Midwives are healthcare professionals who help women before, during, and after they have a baby.
Midwives work in different places, such as in a hospital, in a clinic, or visiting moms at their homes.
I had a midwife and doctor team for my pregnancy, and the midwife was amazing. She made me feel comfortable and was very friendly and calming.
28. Conservationist
Conservationists get to spend their days outdoors, helping plants and animals survive and stay healthy. They research and learn about different species and find ways for humans to live alongside them without causing harm.
The planet is home to incredible animals and places, but some are at risk. Conservationists help protect these natural wonders and make sure there are plenty of wild areas for animals to thrive in. They also work to keep the air and water clean for everyone to enjoy.
29. Dental hygienist
Dental hygienists are important in preventing and treating oral diseases. It’s more than just cleaning teeth.
They also teach patients how to take care of their mouth, show them the right way to brush and floss, and help them understand why oral health is so important.
30. Blogger
Okay, so I realize that this option is not like any of the rest.
But, I have personally helped thousands of people over the years with my blog, so I think being a blogger definitely helps people. I have received many emails and letters from readers who have said that I helped them pay off their debt, stop living paycheck to paycheck, reach retirement, and more.
With a blog, you can help people understand different topics, learn actionable tips, get motivated to reach their goals, and more.
If you enjoy writing and sharing stories or expertise, becoming a blogger might be right up your alley. A blogger creates content for a blog, which is an online space for posting thoughts, knowledge, and insights.
Your blog can become a helpful resource on topics you’re passionate about. Whether it’s cooking, personal finance, or even traveling, your words could be valuable to someone else.
I started Making Sense of Cents back in 2011. Since then, my blog has made over $5,000,000.
I didn’t plan to make money when I started the blog. It was just a way for me to keep track of my own money journey. At first, I didn’t even know people could make money from blogging or how to make a successful blog!
But after only six months, I started earning money from my blog.
You can learn how to start a blog with my free How To Start a Blog Course (sign up by clicking here).
Frequently Asked Questions
Below are answers to common questions about how to find jobs that help people.
What is the best career to help others?
The best careers to help others include becoming a social worker, teacher, nurse, therapist, counselor, and firefighter.
What job helps people with their money?
Financial planners or advisors help people manage their money effectively. They provide advice on investments, savings, and budgeting to help individuals achieve their financial goals and secure their future financial stability.
What job can I do to make people happy?
Many of the jobs above can help people become happy, such as being a teacher, personal trainer, school counselor, nutritionist, pediatric sleep consultant, psychologist, and massage therapist.
What are some jobs that help people’s mental health?
Mental health counselors and therapists give support and treatment to people dealing with mental illnesses. They play an important part in improving their clients’ emotional and psychological well-being.
What are some creative jobs that help others?
Art therapists help people deal with stress, trauma, or sickness by using creative activities. They combine the healing power of art with counseling techniques to support healing and personal development.
What are jobs that help people in crisis?
Jobs that help people in crisis include substance abuse counselors, social workers, registered nurses, and art therapists.
What are jobs helping others without a degree?
A bachelor’s degree, master’s degree, or doctoral degree is not required for all jobs that help people. For example, home health aides and personal care aides help people with daily tasks and give companionship. Typically, formal education is not required, but training and a caring personality are important to actually help people.
Best Jobs That Help People – Summary
I hope you enjoyed this article on the best jobs that help people.
When you think about jobs that help others, you might think of social work or healthcare right away.
But there’s a wide range of options, including jobs in teaching, therapy, public service, and even technical fields like translation or environmental engineering.
Each of these jobs is important for making our community better and healthier, often by working directly with people to make their lives better. These roles give more than just a paycheck – they give you the satisfaction of knowing that your work helps people outside of the office too.
What do you think are the best jobs that help people and pay well?
Portfolio beta refers to a popular metric that investors use to measure a portfolio’s risk, or its sensitivity to price swings in the broader market. While past performance does not indicate future returns, knowing a portfolio’s beta can help investors understand the price variability of their stocks, or how much their holdings may move if there’s stock volatility or big gains in a benchmark index like the S&P 500.
Investors often consider beta a measure of systematic risk, or risk that stems from the entire market and that investors can not diversify away. Macro events such as interest-rate or economic changes often fall into the category of systematic risk, while idiosyncratic, stock-specific risk includes events like a change in company management, new competitors, changed regulation, or product recalls.
Table of Contents
How to Calculate Beta of a Portfolio
The Beta of a portfolio formula requires relatively simple math, as long as investors know the Beta for each stock that they hold and the portion of your portfolio that each stock comprises.
Here are the steps you’d follow to calculate the Beta of a hypothetical portfolio:
1. Calculate the total value of each stock in the portfolio by multiplying the number of shares that you own of the stock by the price of its shares:
Stock ABB: 500 shares X $20 a share each = $10,000.
2. Figure out what proportion each stock in their portfolio represents by dividing the stock’s total value by the portfolio’s total value:
Stock ABB’s total value of $10,000/Portfolio’s total value of $80,000 = 0.125.
3. Multiply each stock’s fractional share by its Beta. This will calculate the stock’s weighted beta:
Stock ABB’s beta of 1.2 X its fractional portfolio of 0.125 = 0.15.
4. Add up the individual weighted betas.
Here is the whole hypothetical portfolio with a total beta of 1.22, benchmarked to the S&P 500. That means when the index moves 1%, this portfolio as a whole is 22% more risky than the index.
Stock
Value
Portfolio Share
Stock Beta
Weighted Beta
ABB
$10,000
0.125
1.20
0.15
CDD
$30,000
0.375
0.85
0.319
EFF
$15,000
0.1875
1.65
0.309
GHH
$25,000
0.3125
1.42
0.44375
Sum
1.22
4 Ways to Characterize Beta
Investors always measure a portfolio’s beta against a benchmark index, which they give a value of 1. Stocks that have a beta higher than one are more volatile than the overall market, and those with a beta of less than one are less volatile than the overall market.
Understanding beta is part of fundamental stock analysis. Once you know the beta of your portfolio, you can make changes in order to increase or decrease its risk based on your overall investment strategy by changing your asset allocation.
There are four ways to characterize beta:
High Beta
A high beta stock — one that tends to rise and fall along with the market often — has a value of greater than 1. So if a stock has a beta of 1.2 and is benchmarked to the S&P 500, it is 20% more volatile than the broader measure.
If the S&P 500 rises or falls 10%, then the stock would conversely rise or fall 12%. The same would be true for portfolio beta. While there’s more downside risk with high-beta stocks, they can also generate bigger returns when the market rallies – a principle of Modern Portfolio Theory.
Low Beta
A low beta stock with a beta of 0.5 would be half as volatile as the market. So if the S&P 500 moved 1%, the stock would post a 0.5% swing. Such a stock may have less volatility, but it also may have less potential to post large gains as well.
Still, investors often prefer lower volatility securities. Low beta investment strategies have shown strong risk-adjusted returns over time, too.
Negative Beta
Stocks or portfolios with a negative beta value inversely correlate with the rest of the market. So when the S&P 500 rises, shares of these companies would go down or vice versa.
Gold, for instance, often moves in the opposite direction as stocks, since investors tend to turn to the metal as a haven during stock volatility. Therefore, a portfolio of gold-mining companies could have a negative beta.
So-called defensive stocks like utility companies also sometimes have negative beta, as investors buy their shares when seeking assets less tied to the health of the economy. A downside to negative beta is that expected returns on negative beta securities tend to be weak – even less than the risk-free interest rate.
Zero Beta
A stock or portfolio can also have a beta of zero, which means it’s uncorrelated with the market. Some hedge funds seek a market-neutral strategy. Being market-neutral means attempting to perform completely indifferent to how an index like the S&P 500 behaves. 💡 Quick Tip: Options can be a cost-efficient way to place certain trades, because you typically purchase options contracts, not the underlying security. That said, options trading can be risky, and best done by those who are not entirely new to investing.
How to Calculate an Individual Stock’s Beta
For investors, calculating the beta of all their stock holdings can be time consuming, and typically, financial data or brokerage firms offer beta values for stocks.
But if you wanted to calculate beta for an individual stock, you’d divide a measure of a stock’s returns relative to the broader market over a given time frame by a measure of the market’s return by its mean, also over a specific time frame. Here is the formula:
Beta = covariance/variance
Covariance is a measure of a security’s returns relative to the market’s returns.
Variance is a measure of the market’s return relative to its mean or average.
Recommended: What Is Covariance and How Do You Calculate It?
Alpha vs Beta vs Smart Beta
Beta is one of the Option Greeks, terminology frequently used by traders to refer to characteristics of specific securities or derivatives in the market. Another commonly used Greek term is Alpha. While beta refers to an asset’s volatility relative to the broader market, Alpha is a measure of outperformance relative to the rest of the market.
Beta also comes up a lot in the exchange-traded fund or ETF industry. Smart Beta ETFs are funds that incorporate rules- or factor-based strategies.
What Impacts Beta?
A variety of factors impact an asset’s beta. In general, stocks seen as riskier than average typically feature higher betas. Stock-specific factors such as debt levels, aggressive management, bold projects, volatile cash flows, and even ESG factors can influence a stock’s idiosyncratic risk. Higher business risk, while stock-specific, can lead to a more volatile stock price than the overall market, hence a higher beta.
Higher betas often appear in particular sectors. There are even investment fund strategies that play on beta – you can buy funds that exclusively own high beta or low beta stocks. A stock’s sector, industry, geographic location, and market cap size all impact a stock’s volatility and beta.
Cyclical and growth sectors like energy, industrials, information technology, and consumer discretionary often feature high betas. Utilities, consumer staples, real estate, and much of the healthcare sector typically have low beta.
Small caps and stocks domiciled in emerging-market economies also often have a higher beta (compared to the U.S. large-cap S&P 500). 💡 Quick Tip: Are self-directed brokerage accounts cost efficient? They can be, because they offer the convenience of being able to buy stocks online without using a traditional full-service broker (and the typical broker fees).
Important Things to Know About Beta
1. A stock’s beta may change over time. Because beta relies on historical price data, it is subject to change.
2. Beta is not a complete measure of risk. It can be a useful way for investors to estimate short-term risk but it’s less helpful when it comes to considering a long-term investment because the macroeconomic environment and company’s fundamentals may change. In some cases, beta is not the best measure of a stock or a portfolio’s risk.
3. Beta is an input when investors are using the Capital Asset Pricing Model (CAPM) — a way to measure the expected return of assets taking into account systematic risk. It’s a method that also looks at the cost of capital for investors.
4. The estimated beta of a stock will be less helpful for companies that do not trade as frequently. Thin liquidity for a stock may bias its beta value since there is less robust historical price data.
5. Beta does not offer a complete picture of a stock’s risk profile as it’s linked to systematic risk. Investors must also consider stock-specific risk when managing their portfolios.
The Takeaway
As discussed, beta is a popular metric that investors use to measure a portfolio’s risk, or its sensitivity to price swings in the broader market. Knowing stock holdings’ betas can be important information when you’re building your portfolios.
You can calculate their portfolio beta using simple math as long as you’re able to obtain the individual betas for your stock holdings. While beta is a helpful tool to try to gauge potential volatility in a portfolio, its reliance on historical data makes it limited in measuring the complete risk profile of an asset or portfolio.
Qualified investors who are ready to try their hand at options trading, despite the risks involved, might consider checking out SoFi’s options trading platform. The platform’s user-friendly design allows investors to trade through the mobile app or web platform, and get important metrics like breakeven percentage, maximum profit/loss, and more with the click of a button.
Plus, SoFi offers educational resources — including a step-by-step in-app guide — to help you learn more about options trading. Trading options involves high-risk strategies, and should be undertaken by experienced investors.
For a limited time, opening and funding an Active Invest account gives you the opportunity to get up to $1,000 in the stock of your choice.
FAQ
What is a good beta for a portfolio?
In a general sense, a good beta for a portfolio would be 1. That’s only a general guideline or rule of thumb, however, as it means that a portfolio’s value is roughly as volatile as the market overall.
What does a beta of 1.3 mean?
A beta of 1.3 means that a portfolio’s value is 30% more volatile than the overall market, which means its value will swing more wildly than the market.
Why is market portfolio beta 1?
Beta measures a portfolio or asset’s sensitivity relative to the overall market. If a portfolio’s beta is 1, it is equally as volatile as the market, not more or less so.
How do I reduce my portfolio beta?
Perhaps the simplest way to reduce your overall portfolio’s beta is to replace higher-beta assets within the portfolio with assets that have lower associated beta.
Is it possible to have zero beta portfolio?
It is possible, and would amount to a zero-beta portfolio, which means the portfolio itself has no systemic risk whatsoever. In other words, this portfolio would have no relationship to the overall movements of the market, and likely have low returns.
What is the difference between stock beta and portfolio beta?
A stock beta is a measure of an individual stock’s volatility, while portfolio beta is a measure of an overall investment portfolio’s volatility.
SoFi Invest® INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE SoFi Invest encompasses two distinct companies, with various products and services offered to investors as described below:
Individual customer accounts may be subject to the terms applicable to one or more of these platforms.
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Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform.
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Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire amount invested in a short period of time. Before an investor begins trading options they should familiarize themselves with the Characteristics and Risks of Standardized Options . Tax considerations with options transactions are unique, investors should consult with their tax advisor to understand the impact to their taxes. [cd_ETFs] Claw Promotion: Customer must fund their Active Invest account with at least $25 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%. See full terms and conditions.
Houston, TX, is a dynamic city known for its southern hospitality, world-class dining, and thriving energy industry. With a population of approximately 2.3 million residents, Houston has a vibrant arts scene, lush green spaces, and famous landmarks, like Space Center Houston and the Houston Museum District. In Houston, the average rent for a studio apartment is $1,225, while a one-bedroom unit averages $1,256.
If you’re looking to rent an apartment in Houston but want to find a more budget-friendly option, ApartmentGuide has got you covered. We’ve put together a list of 11 of the most affordable neighborhoods in Houston to rent an apartment in this year.
11 Affordable Neighborhoods in Houston, TX
From Northeast Houston to Northcliffe, these neighborhoods have studio and one-bedroom apartments below the city’s average rent. Let’s explore these Houston neighborhoods and find the perfect place for renters.
1. Northeast Houston 2. Northcliffe 3. North Houston 4. Sharpstown 5. Southwest Houston 6. Clear Lake 7. Greater Greenspoint 8. Northwest Houston 9. Energy Corridor 10. Southeast Houston 11. Westchase
Read on to see what each neighborhood has to offer its residents.
1. Northeast Houston
Average studio rent: $705 Average 1-bedroom rent: $814 Apartments for rent in Northeast Houston
Northeast Houston is the most affordable neighborhood in Houston, as the average rent for a one-bedroom unit is $814. There are plenty of reasons to love living in Northeast Houston, from attractions like Herman Brown Park and The DeLuxe Theater. There are a variety of local restaurants to explore that show Houston’s awesome food scene, from Triple J’s Smokehouse to Hank’s Fish Market.
2. Northcliffe
Average studio rent: $825 Average 1-bedroom rent: $890 Apartments for rent in Northcliffe
Northcliffe is the second neighborhood on our list, located in the northern part of the city. This affordable neighborhood is near lots of attractions such as Meyer Park and Kickerillo-Mischer Preserve. It’s also easily accessible to Downtown Houston via I-45, making commuting an option.
3. North Houston
Average studio rent: $800 Average 1-bedroom rent: $915 Apartments for rent in North Houston
With an average one-bedroom rent of $915, North Houston is the third-most affordable neighborhood in Houston. This neighborhood is a fantastic option to consider as it’s near attractions like the Sam Houston Race Park, T.C. Jester Park, and the White Oak Bayou Greenway Trail. North Houston is an expansive area, so it’s excellent for exploring and enjoying the city.
4. Sharpstown
Average studio rent: $834 Average 1-bedroom rent: $922 Apartments for rent in Sharpstown
Sharpstown is the fourth-most affordable neighborhood in Houston. Located in the southwestern part of the city, this neighborhood is an excellent option if you want to be near shops and outdoor recreation. For example, you can easily access Southway Shopping Center and PlazAmericas. Sharpstown also has parks like Bayland Park and the Sharpstown Park Golf Course.
5. Southwest Houston
Average studio rent: $783 Average 1-bedroom rent: $943 Apartments for rent in Southwest Houston
Just about 10 miles from downtown, Southwest Houston is a stellar neighborhood if you want to be near major attractions. For example, you can easily access NRG Stadium, home to the Houston Texans, the Houston Zoo, and Buffalo Run Park, which has picturesque lake views.
6. Clear Lake
Average studio rent: $812 Average 1-bedroom rent: $953 Apartments for rent in Clear Lake
Next up is Clear Lake, the sixth-most affordable neighborhood in Houston. Clear Lake is full of history and charm with tree-lined streets, historic buildings, and Space Center Houston. This area also has plenty of parks, restaurants, and attractions, so you’ll have lots to explore. Make sure to enjoy the outdoors at Clear Lake Park, check out the Armand Bayou Nature Center or grab a meal at one of the neighborhood restaurants. There’s something for everyone living in Clear Lake.
7. Greater Greenspoint
Average studio rent: $793 Average 1-bedroom rent: $991 Apartments for rent in Greater Greenspoint
North of downtown, Greater Greenspoint is Houston’s seventh-most affordable neighborhood. It has a friendly atmosphere and community feel, with plenty of local cafes and restaurants, shops like the Greenspoint Mall, and the ULH Event Center. You can also check out some of Greater Greenspoint’s green spaces, like Tom Wussow Park.
8. Northwest Houston
Average studio rent: $814 Average 1-bedroom rent: $1062 Apartments for rent in Northwest Houston
Northwest Houston takes the eighth spot on our list. The average rent for a one-bedroom unit is roughly $200 less than the city’s average, making Northwest Houston a great option. Northwest Houston has a lot of outdoor spaces, like Bear Creek Pioneers Park and Addicks Reservoir. You can also find plenty of shops and restaurants located along the Northwest Freeway and Old Katy Road, so there’s a lot to do in Northwest Houston.
9. Energy Corridor
Average studio rent: $899 Average 1-bedroom rent: $1075 Apartments for rent in Energy Corridor
A well-known Houston neighborhood, Energy Corridor is the next area. Energy Corridor is home to Terry Hershey Park and Freedom, meaning there’s plenty to do throughout the week. You’ll find there are several shopping centers in the area, so weekly shopping is a breeze. If you need to commute to work, there are lots of options, as I-10 is nearby.
10. Southeast Houston
Average studio rent: $750 Average 1-bedroom rent: $1113 Apartments for rent in Southeast Houston
Southeast Houston is the tenth-most affordable neighborhood in Houston. This area has a vibrant feel with its museums, like the 1940 Air Terminal Museum and the Blaffer Art Museum. You can find parks like MacGregor Park and Hermann Park, which are perfect for enjoying a sunny day in Houston. Southeast Houston also hosts the Houston Livestock Show and Rodeo each year, providing residents with many opportunities to enjoy their neighborhood.
11. Westchase
Average studio rent: $864 Average 1-bedroom rent: $1129 Apartments for rent in Westchase
The final area on our list of affordable neighborhoods in Houston is Westchase. This area is located west of downtown Houston and is awesome if you’re looking for a neighborhood with a blend of shops and residential areas. Along Westheimer Road, you can find plenty of cozy cafes and lively restaurants. Westchase is also close to Arthur Storey Park and the Royal Oaks Country Club
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com on March 18, 2024.
This ApartmentGuide article shines a spotlight on life in the Cornhusker State, where the dynamic urban life of Omaha meets the cultural hub of Lincoln. Renters will find themselves enchanted by the affordable living options along with the state’s beauty. However there are downsides to residing in Nebraska. Whether you’re contemplating a move and want to learn more about the state, here are the pros and cons of living in Nebraska.
Renting in Nebraska snapshot
1. Pro: Rich historical sites
Nebraska is home to numerous historical sites that offer a glimpse into America’s past. From the Chimney Rock National Historic Site to the Lewis and Clark National Historic Trail, the state is a treasure trove for history lovers. These sites not only provide educational experiences but also serve as beautiful locations for outdoor activities.
2. Con: Extreme weather conditions
Nebraska witnesses a diverse spectrum of weather throughout the year, with summers averaging 87 degrees Fahrenheit and winters dropping to lows of 14 degrees Fahrenheit. The state is also situated in Tornado Alley, making it susceptible to severe weather events including tornadoes and thunderstorms. This can pose challenges for residents, from property damage to disruptions in daily life.
3. Pro: Agricultural community
The state’s economy is heavily influenced by its agricultural sector, with Nebraska being a leading producer of beef, pork, corn, and soybeans. This vibrant agricultural community not only supports the local economy but also offers farm-to-table dining experiences across the state, showcasing the freshness and quality of local produce.
4. Con: Limited public transportation options
Nebraska’s public transportation options are relatively limited, especially in rural areas. This can make it challenging for residents without personal vehicles to navigate the state. In cities like Lincoln, the transit score is 24 making it a car-dependent location.
5. Pro: Affordable cost of living
Compared to many other states, Nebraska offers an affordable cost of living. Housing, groceries, and utilities are generally less expensive here, making it an attractive option for those looking to stretch their dollars further. Omaha, Nebraska’s largest city exudes this affordability where you can expect the median sale price to be $255,000 and a one-bedroom apartment averaging to $1,160. The state’s affordability is a significant advantage for residents, allowing for a comfortable lifestyle without the high costs associated with other regions.
6. Con: Limited entertainment and cultural options
While Nebraska has its charms, it may not match the entertainment and cultural offerings found in larger metropolitan areas. Residents may find the options for nightlife, dining, and cultural events more limited, which could be a drawback for those seeking a vibrant city life. However, the state’s community events and natural attractions like the Sandhills, the Great Plains and the Niobrara River offer their own appeal.
7. Pro: Natural beauty and outdoor activities
Nebraska’s natural landscapes, including the rolling Sandhills, picturesque views along the Missouri River, and vast prairies, offer ample opportunities for outdoor enthusiasts. Whether exploring the rugged terrain of Scotts Bluff National Monument, birdwatching at the Platte River, or fishing in the calm waters of Lake McConaughy, the state’s diverse geography provides endless possibilities for adventure.
8. Con: Economic dependence on agriculture
While agriculture is a cornerstone of Nebraska’s economy, this also means that the state’s economic health is closely tied to the agricultural sector. Fluctuations in commodity prices and agricultural production can have significant impacts on the state’s economy which can affect its residents.
9. Pro: Central location
Nebraska’s central location in the United States, with cities like Omaha and Lincoln situated at the intersection of major interstate highways such as I-80 and I-29, makes it a crucial transportation hub. Additionally, Union Pacific’s headquarters in Omaha and its extensive rail network further enhance the state’s connectivity to national and international markets.
10. Con: Water quality concerns
Water quality concerns pose significant challenges for Nebraska, particularly in areas where agricultural runoff and contamination are prevalent. For instance, nitrate pollution from fertilizers used in farming can seep into groundwater sources, affecting drinking water supplies and posing health risks for residents.
11. Pro: Friendly communities
One of Nebraska’s standout features is its friendly and close-knit communities, where neighbors often know each other by name. For instance, small towns like Minden and Broken Bow exemplify this sense of community, where residents come together for local events and foster strong social bonds.
12. Con: Strong winds
Nebraska’s strong winds can be a significant drawback for residents, especially in rural areas where wind speeds can reach high velocities. These gusty conditions not only make outdoor activities challenging but can also lead to property damage, soil erosion, and safety hazards on the roads.
Methodology : The population data is from the United States Census Bureau, walkable cities are from Walk Score, and rental data is from ApartmentGuide.