Americans who live alone are paying a five-figure “singles tax” amid rising rents around the nation, a new analysis finds.

Data from Zillow shows that the typical apartment rent is currently $1,745 and has risen 30% over the last five years, which represents a significant burden for renters who live alone and don’t have one or more roommates to split the bill with.

The premium paid by solo renters was dubbed the “singles tax” by Zillow, which found that the national average singles tax amounts to $10,470 per year. 

“When you’re living alone, you’re covering the full rent on one income and that can add up fast,” said Emily Smith, Zillow rental trends expert. “Apartments often make living solo more attainable, while also offering shared spaces that help people feel connected.”

HOUSING MARKET COOLS AS PRICE GROWTH HITS SLOWEST PACE SINCE GREAT RECESSION RECOVERY

New York City had the largest “singles tax” in Zillow’s data, which amounted to $23,400 per year. (Thomas Trutschel/Photothek via Getty Images / Getty Images)

New York City tops the list of areas with the highest singles tax, as the Big Apple’s typical apartment rent of $3,900 a month amounts to a singles tax of $23,400 for the year.

San Jose ranked second, with a typical rent of $3,248 a month and a singles tax of $19,488 per year. Boston was close behind in third, with the typical rent in the city amounting to $3,014 a month and resulting in a singles tax of $18,084.

A pair of California cities rounded out the top five, with San Francisco in fourth based on a typical rent of $2,857 and a singles tax of $17,142, while Los Angeles ranked fifth with a typical monthly rent of $2,648 and a singles tax of $15,888.

HOMEBUYERS GAIN UPPER HAND IN 3 MAJOR CITIES AS INVENTORIES GROW

San Francisco ranked fourth on Zillow’s list with a “singles tax” of $17,142 per year. (Photo by Justin Sullivan/Getty Images / Getty Images)

Renters who pair up their living arrangement with a partner derive what Zillow called a “couples’ discount” from being able to split up the rental bill as well as utilities and other costs.

“For renters who choose to live with a partner or roommate, splitting everyday costs like rent, utilities and groceries can go a long way in easing the pressure of today’s higher cost of living,” Smith said.

Based on the firm’s national data, the couples’ discount amounts to a combined $20,940 in annual rental savings from splitting the bill.

RICH CALIFORNIANS FLOCK TO LAS VEGAS HOUSING MARKET AS LAWMAKERS CONSIDER WEALTH TAX

Los Angeles ranked fifth on Zillow’s list of cities with the largest “singles tax.” (iStock / iStock)

For example, given the sizable singles tax in the cities with the highest rent, couples in New York City can get a discount of $46,800 instead of the singles tax of $23,400.

The report noted the couples discount can go a long way toward helping renters save for a down payment on a home, with the national average couples discount of $20,940 being more than halfway to a 10% down payment on a typical U.S. home, per Zillow’s data.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The studio is continuing its partnership with Newcastle music agency Generator in a bid to boost routes to music careers

Music industry giant Warners has announced a new three-year partnership to boost the creative sector in the North East.

Warner Music UK will work with Newcastle-based music agency Generator, with hopes that the extended partnership will expand long-term opportunities for artists, producers, executives and emerging talent across the North. The new partnership follows Newcastle hosting two of the biggest events of the music industry calendar, the Mobos and the Mercury Prize.

Warner, which is setting up a world-class music studio on Newcastle’s Quayside, will also work with colleges, universities and music education partners to build clearer pathways from the classroom into industry careers. More details on the label’s activity in the region will be announced in the coming weeks.

Mick Ross, CEO of Generator, said: “Right now, the world is looking to the North. The creativity coming out of this region is extraordinary, and it deserves national and global visibility.

“This partnership deepens the link between our talent and the wider industry, making it possible for artists to build successful careers without leaving the region. It’s a major step toward a stronger, more connected creative North – and a future where the industry comes here, rather than the other way round.”

Simon Robson, president in EMEA for recorded music at Warner Music Group, said: “The North has always been a powerhouse of creativity, producing some of the most iconic music in history. We’re proud to be continuing its legacy with Generator by investing in the North’s grassroots music communities. It’s not just about finding the next big star, it’s about contributing towards a better system where the next generation of artists and executives can grow, evolve, and lead in the North throughout their careers.”

The partnership has been welcomed by North East Mayor Kim McGuinness and Newcastle City Council leader Karen Kilgour.

Ms McGuinness said: “This is such an important moment for North East musicians. Seeing world-leading performers recording their music right here in the region will inspire our next generation of artists.

“We’re already backing North East talent by supporting grassroots venues, investing in skills and backing great events. But this is the next step. This is about putting the North East on the world music map, and opening up the opportunities that it’ll bring.”

Coun Kilgour said: “It’s incredible to see a project like this coming to life and giving our emerging talent the tools, networks, and industry exposure they deserve.

“The creative potential here is huge, we’ve seen that during the Mobos and the Mercury Prize. This partnership is another fantastic step towards removing barriers and making sure local people can realise their dreams right here in the North East.”

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Alexei Navalny: 10 Essential Facts About Russia’s Fearless Opposition Leader and Anti-Corruption Icon

Alexei Navalny stood as Russia’s most prominent opposition figure and President Vladimir Putin’s fiercest critic until his death in an Arctic prison on February 16, 2024, at age 47. His relentless exposure of Kremlin corruption, survival of a Novichok poisoning and unyielding defiance from behind bars made him a global symbol of resistance. Here are 10 key facts about the lawyer-turned-activist who challenged Russia’s authoritarian system.

1. From Lawyer to Anti-Corruption Crusader (Born 1976)

Born June 4, 1976, outside Moscow to a military family, Navalny earned degrees in law (1997) and economics (2001) before practicing as a lawyer. He joined the liberal Yabloko party in 1999 but was expelled in 2007 for nationalist views on immigration. By 2008, his blog exposed corruption at state giants like Gazprom and Rosneft, launching his national profile.

2. Founded Anti-Corruption Foundation (FBK) in 2011

Navalny created RosPil in 2010 to challenge shady government contracts, then launched the Foundation for Fighting Corruption (FBK) in 2011. FBK’s viral documentaries — like the 2021 “Putin’s Palace” exposé (127 million views) — detailed elite graft, sparking protests and resignations. The nonprofit relied on crowdfunding until labeled “extremist” in 2021.

3. Sparked Massive 2011-2012 Election Protests

Navalny branded Putin’s United Russia party “the party of crooks and thieves” during disputed 2011 parliamentary elections, igniting Russia’s largest protests in decades (up to 100,000 in Moscow). Arrested for 15 days, he rallied crowds nationwide, accusing officials like Chechnya’s Ramzan Kadyrov of corruption.

4. Moscow Mayoral Run: 27% Despite Embezzlement Conviction

In 2013, Navalny ran for Moscow mayor, raising a record $29 million from small donors and securing 27% against incumbent Sergei Sobyanin. A prior Kirovles timber embezzlement conviction (suspended sentence) barred his 2018 presidential bid, which he called politically motivated.

5. Survived Novichok Nerve Agent Poisoning (2020)

On August 20, 2020, Navalny collapsed mid-flight from Tomsk to Moscow, poisoned with Novichok — a banned Soviet nerve agent — smeared on his underwear. Treated in Berlin’s Charité Hospital, he recovered after German, French and Swedish labs confirmed the toxin. Bellingcat later identified an FSB hit squad tracking him for years. Putin denied involvement.

6. Returned to Russia, Immediately Arrested (2021)

Defying warnings, Navalny flew home January 17, 2021, and was detained at the airport for parole violations. His arrest triggered the largest protests since 2011-12, with 11,000 arrests across 125 cities. A Moscow court sentenced him to 2.5 years for the old Kirovles/Yves Rocher cases.

7. Hunger Strike and Escalating Sentences (2021-2023)

Navalny endured solitary confinement, sleep deprivation and denied medical care, launching a 2021 hunger strike protesting tuberculosis treatment. Additional sentences piled on: 9 years for “embezzlement” (2022), 19 years for “extremism” (2023). Courts branded FBK “extremist,” forcing allies abroad.

8. Condemned Ukraine Invasion from Prison (2022)

Despite isolation, Navalny denounced Russia’s February 24, 2022, Ukraine invasion via smuggled messages and court speeches, calling it “madness” and Putin a “stray dog.” Transferred to the notorious “Polar Wolf” IK-3 penal colony above the Arctic Circle in 2023, he faced brutal conditions.

9. Navalny Documentary Wins Oscar (2023)

The 2022 HBO film “Navalny” — chronicling his poisoning survival and Putin confrontations — won the Oscar for Best Documentary Feature on March 12, 2023. Directed by Daniel Roher, it featured Navalny vowing, “If they kill me, they’ll lose,” underscoring his martyrdom aura.​

10. Died in Arctic Prison — Murder Suspected (February 16, 2024)

Navalny collapsed after a walk at IK-3 Yamalo-Nenets, denied medical aid despite pleas. Russian authorities claimed “sudden death clot”; allies and Western leaders alleged murder. Wife Yulia Navalnaya accused Putin directly; UN experts deemed it “state killing.” Global protests followed; his funeral drew thousands despite riot police.

Legacy: Symbol of Resistance

Navalny’s “Smart Voting” strategy cost United Russia seats in 2019 Moscow elections. Posthumously, Yulia leads exile operations; son Zakhar amplifies his voice. From blogger to political prisoner, Navalny embodied Putin’s greatest fear: fearless truth-telling. His death galvanized international sanctions and Russian dissent, proving one man’s courage can shake an empire.

This article was written by

Follow

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

While I do not currently hold positions in the tickers specifically mentioned in this article, I have portfolio exposure to many of them through derivatives and comparable ETFs.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PATH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AWP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Beyond Saving, Philip Mause, and Hidden Opportunities, all are supporting contributors for High Dividend Opportunities. Any recommendation posted in this article is not indefinite. We closely monitor all of our positions. We issue Buy and Sell alerts on our recommendations, which are exclusive to our members.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

This article was written by

Follow

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in AVGO MRVL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.