Earnest investigated the cost of renting in the United States. It's no surprise that California is the most expensive state for renters (median rent: $1,901) or that West Virginia is the least expensive ($800).
But when you look at the percentage of total income spent on rent, a different picture emerges. South Dakotans spend 24.8% of their income on rent, more than any other state. Californians, ranking 6th, spend 20.4%. People in Arkansas spend the lowest percentage of their income on rent (12.8%).
Looking at cities, Los Angeles has the highest median rent of the most populous 100 cities in the US ($2,600). I would have guess San Francisco, but it comes in at number three ($2,333). The least expensive city is Toledo, Ohio ($550), which is one fifth the cost as Los Angeles. (Look at the houses you can rent in Toledo for $500 - $600 a month.)
California experienced a “net outward migration” of 61,100 people in the last twelve months, the biggest exodus since 2011. San Jose Mercury News: The region’s soaring housing prices are a key factor driving dissatisfied residents toward the exit door. Several people who have departed, or soon will leave, say they potentially could have hundreds of […]
It may not rank up there with climate change or personal debt, but confess…isn’t it the worst when you’re trying to put a food container in the fridge, but can’t find the right lid to fit? Hey, not everything has to be a global crisis to be irritating to the core. But still…it’s even more […]
Assembling a truly autonomous smart home is getting closer and closer to reality every day. But for every new smart bulb, thermostat, home security system and appliance we set loose within our walls, there are still probably a half dozen “dumb” items we’d still love to replace. But whether they’re too costly or too big […]
With so many manufacturers out there these days, it’s tough to know who to trust in the ultra-competitive wireless earbuds market. If you’ve never heard of LinearFlux, you may soon. That’s because it’s a company with a stellar pedigree whose co-founders were two of the engineers behind the original success of two audio houses you […]