Rents continue to outpace incomes. In fact, Zillow just released data showing U.S. renters spent a combined $441 billion on housing in 2014.
Perhaps surprisingly, the New York-Northern New Jersey metro didn’t top the list. San Jose was the highest, with renters paying on average $1,807 per month. Meanwhile, the 20th most expensive metro for renters was Minneapolis-St. Paul, where the average monthly payment in 2014 was $927.
— zillow.com
5 Comments
Yes finally some good reason to be below average.
So, all the best places?
LOL
Do you know what $1200 a month buys in NYC?
^ not even a parking space.
This is meaningless until you factor in cost-of-living and average income.
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