Cheapest Rent & Tax Refund

Where is rent the most affordable? Dangerous Dave talks about a study from Wallethub that says Bismarck, ND tops the list. Plus, what to do with your tax refund, according to experts.

Episode Transcript

Speaker 1 (00:00):
This is deep in the den with Dangerous d well
website set out to make a list of American cities
with the most affordable rent. Surprisingly Cowtown, Nebraska, it wasn't
that to do it. They analyze medium annual gross rent
within one hundred and eighty cities and compared to the
median household income. Well the ten cities that were most affordable,

(00:22):
the only two in North Dakota ranked ranked in the
top five. Bismarck, North Dakota came in at number one,
followed by Sioux Falls, South Dakota, Chey and Wyoming, Cedar,
raperts Iowa, Fargo, North Dakota, Charleston, West Virginia, Casper, Wyoming,
Overland Park, Kansas, to No Alaska. First major city there
is Seattle at number twenty six. On the flip side,
five cities where the rent was least affordable, Miami was

(00:45):
the worst, followed by Newark, New Jersey, New Haven, Connecticut, Detroit,
and Glendale, California. This all comes from walletob Now you
think that rent around here is kind of expensive, and
I would agree. However, when they ranked all the cities,
the two in North Dakota were in the top In
the two did you blow your entire tax refund on
bubblegum and comic books. Well, there's a few better things

(01:07):
you can do with it. A senior writer at CNN
Business posted a list of smart things you can do
with your tax refund. First of all, they say, pay
off credit cards. Average percentage rate twenty percent, So flip
that on its head. If you pay that off instead
of a year for now, it's like making twenty percent.
So a twenty percent return on your investment. That's pretty smart.
Start an emergency fund. The economy is if it's a

(01:30):
good time to have something in savings, supposed to have
at least three to six months worth of living expenses
set aside, and maybe even a year's worth if you're
self employed. But anything is better than nothing. They also
tell you can invest it. Stock prices are down, good
time to start putting money into stocks. You can make
some money. First two things on the list are more important, though,

(01:51):
do those first or split some of the cash. And finally,
another thing you can do smart thing to do with
your tax refund. Buy something that might cost more. If
money's not too tight, think about spending your refund on
something that you think is going to go up in
price soon. A lot of tariff stuff hasn't filtered down yet,
things like a new washing machine or new car might
cost more in a few months. Or if you want,

(02:13):
you certainly could just donate the money to me. I'd
appreciate it. Tune it again for another episode of Deeper
in the Den with Dangerous daved right here.