- According to a new report, in seven of the largest U.S. cities, a household will have to earn at least six figures to live comfortably in a two-bedroom apartment
- Folks in San Francisco have it the worst, with residents needing to make $188,000 a year to live comfortably while renting a two-bedroom place
- The average household income in San Fran about $103,801
It’s no secret that rents in some cities are way too high, but you may not just how bad things can get in some areas. Well, a new SmartAsset report is shedding some light on the subject.
According to the report, in seven of the largest U.S. cities, a household will have to earn at least six figures to live comfortably in a two-bedroom apartment. Folks in San Francisco have it the worst, with the average rent for a two-bedroom coming in at $4,382, which means residents need to make $188,000 a year to live comfortably. And, most people aren’t making that, with the household income in San Fran about $103,801.
Income Needed To Pay Rent In America’s Largest Cities
- San Francisco, CA ($187,800)
- New York, NY ($162,386)
- Boston, MA ($143,829)
- San Jose, CA ($123,343)
- Los Angeles, CA ($118,843)
- Washington, DC ($108,300)
- Chicago, IL ($102,043)
- Seattle, WA ($96,214)
- San Diego, CA ($94,586)
- Denver, CO ($73,714)
Source: Smart Asset