Cities Where Rent Is Too Darn High

  • 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

  1. San Francisco, CA ($187,800)
  2. New York, NY ($162,386)
  3. Boston, MA ($143,829)
  4. San Jose, CA ($123,343)
  5. Los Angeles, CA ($118,843)
  6. Washington, DC ($108,300)
  7. Chicago, IL ($102,043)
  8. Seattle, WA ($96,214)
  9. San Diego, CA ($94,586)
  10. Denver, CO ($73,714)

Source: Smart Asset

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