California renters pay more than owners

Movoto Real Estate released a report today which shows that it’s cheaper to buy a home than it is to rent an apartment in several California counties. See how much more per month it costs to rent v own in Bay Area Counties below and link to full story.

Some data:

Alameda County renters pay an additional $332/month;
Contra Costa County renters pay an additional $905;
El Dorado County renters pay an additional $330;
Los Angeles County renters pay an additional $174;
Riverside County renters pay an additional $867;
San Bernardino County renters pay an additional $507;
San Mateo County renters pay an additional $479; and
Yuba County renters pay an additional $248.

Source: Movoto Real Estate