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Mar. 23rd, 2022 03:04 pmThis Bay Area city has the most expensive rent in the nation
Dunno why they made it all clickbaity like that; they mean San Jose. This is measured by median rent -- $3024/month. People often make fun of New York City as the most expensive, but apparently it's a few places down the list (I wonder if old rent controls might be holding down the median, relatively speaking). In fact the top four are all in California, and the other three are perhaps obvious: San Diego, Los Angeles, and San Francisco - our other three largest cities (San Jose is actually #3, bigger than SF).
To put that in perspective, if you were trying to keep to the "rent should be no more than 30% of gross income" guideline, then you'd need about $10k per month.
Ugh.
Dunno why they made it all clickbaity like that; they mean San Jose. This is measured by median rent -- $3024/month. People often make fun of New York City as the most expensive, but apparently it's a few places down the list (I wonder if old rent controls might be holding down the median, relatively speaking). In fact the top four are all in California, and the other three are perhaps obvious: San Diego, Los Angeles, and San Francisco - our other three largest cities (San Jose is actually #3, bigger than SF).
To put that in perspective, if you were trying to keep to the "rent should be no more than 30% of gross income" guideline, then you'd need about $10k per month.
Ugh.