The Difference in Monthly Housing Costs Between Renters and Homeowners

It’s not easy to decideif buying a home is worth itor ifrentingmakes more financial sense.

Data from the Bureau of Labor Statistics offers some food for thought.

The BLS compared average annual expenditures on housing-related items between homeowners and renters (2012 data).

Anand argues that buying a home acts as a commitment rig for people to save money.

Renting vs. Buying a Home: Comparing the Monthly Costs| The Motley Fool

Photo byPhil Sexton.