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 […]
Spring came and went, but we’re not here to judge if you didn’t get around to cleaning up your living space. After all, taking the time to vacuum your floors can stretch out into a lengthy task when you’re constantly switching between power outlets and trying to jam your machine into those tight corners. With […]
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