California is the second priciest place in the country to be a renter. Following closely behind
Hawaii which has a median monthly rent of $1,298. Rounding out the top 5 was Maryland, New Jersey and the District of Columbia.
The state’s where rent is the lowest are West Virginia with a median rent of $528 and North Dakota with a median rent of $534. The national average for rent came in at $824 a month.
Another survey was put out that compared the cost of rent with the percentage of the renter’s income. California came in second on this list as well with the average renter spending 52.1% of their income. Florida came in with the highest ratio of income to rent, with the average renter spending 53.7% of their income.
Many landlords in California have been forced to cut rents to attract tenants – so far this has not helped our affordability.
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