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1 bedroom average rent: $1,214. 2 bedroom average rent: $1,572. Methodology: For this study, GOBankingRates analyzed the average rental cost of major U.S. cities and the cost of living in those ...
Hourly rate needed to rent a 1-bedroom apartment: $31.79 Actual affordable rent for minimum wage earners: $377 Discover More: The Salary Needed To Afford America’s 50 Biggest Cities
Major cities such as Los Angeles and San Francisco have an average rental rate of over $2,000, while some cities, like Irvine, have an average rental rate of nearly $3,000.
When comparing the rental rates of Los Angeles and the average rate across the United States one can see just how much higher the city is compared to the rest of the country. While in 2017 the average rental rate in the United States was $1,357, in comparison the average rental rate in Los Angeles in 2017 was $2,284, almost a $1,000 average ...
Northern Ohio has seen an average of $290 added to rent prices in the past five years. The area’s median rent is $1,237, which is a 30.6 percent increase from June 2019. 7. Greater New York City ...
The difference in housing costs from city to city is especially important. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham , Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose , California (the highest cost of ...