There's no way around it: College is expensive. Not only do tuition prices continue to rise, but location can skew the final price tag as well, especially for students who want to live close to campus.
HomeUnion, an online residential real estate investment management firm, compiled a list of the colleges with the most expensive off-campus housing. The site compared the median rent within a two-mile radius of the university's campus to the market-rate rent for the larger metro area to find which schools have inflated rent costs near campus.
Universities in California — Los Angeles-based UCLA and Stanford, located on the outskirts of San Jose in Silicon Valley — earned the top two spots, with students paying more than 50% the market rate to live close to campus. Though notorious for its high cost of living, New York City landed at No. 10 on the list, likely due to the fact that prices remain high throughout the city and don't necessarily spike close to New York University's campus.
Read on to see the full list of the most expensive colleges to live near.
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30. University of Michigan
Metro area: Ann Arbor, Michigan
Median rent near campus: $1,964
Market-rate rent: $1,793
Percent above market: 9%
28. (TIE) Clemson University
Metro area: Greenville, South Carolina
Median rent near campus: $1,288
Market-rate rent: $1,158
Percent above market: 11%
28. (TIE) University of Wisconsin at Madison
Metro area: Madison, Wisconsin
Median rent near campus: $1,794
Market-rate rent: $1,611
Percent above market: 11%
See the rest of the story at Business Insider
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