How much should be earned in order to rent housing in major US cities

Фото: Depositphotos

The price of rental apartments in the US continues to grow. Compared to last year, the cost has risen by 3,7 percent.

The New York financial company investigated the housing market and showed the size of the salary, which will allow you to rent two-bedroom apartments in large US cities in 15.

In the Ministry of Housing and Urban Development, it was estimated that for a comfortable life, a person should spend no more than 30 percent of earnings on rental housing. SmartAsset specialists used 28 percent in their report.

The leader on the most inaccessible lease became San Francisco.

1.San Francisco, California $ 216 129 per year

In order to rent a two-room apartment you need to earn $ 216 129 per year. Salary does not have time to increase in the same amount as the rent has increased in recent years. The average income in the city is only $ 78 378 per year.

2. New York, New York $ 158 229 per year

В «Большом яблоке» стоимость жизни почти на 70 процентов выше, чем в среднем по стране.

Rent a two-bedroom apartment will cost $ 3 692 per month. Compared to 2015 year, the price fell by 0,1 percentage. In order to afford a two-room apartment, a resident of a metropolis must earn $ 158229 a year.

3.Los Angeles, CA $ 145 629 per year

Rental prices in this city increased by 17,1 percent between the years 2015 and 2016.

According to the United States Census Bureau, Los Angeles residents spend about $ 20 496 annually with annual income of $ 145 629.

4. Boston, Massachusetts $ 120 900 per year

In Boston, a two-bedroom apartment costs an average of $ 2 821 per month. If you can not pay that kind of money, it is worth considering apartments in nearby cities.

In Lowell, for example, about 30 miles from Boston, you only need to earn $ 59 143 per year to rent an apartment that will cost an average of $ 2 821 per month.

5. Washington, DC $ 119 271 per year

Living with a roommate in the capital is not such a bad idea. The analysis shows that the tenant needs to earn $ 119 271 per year in order to afford a two-room apartment.

Sharing space with someone will save an average of $ 600.

Indicators for the rest of 10 cities are:

• Seattle - $ 98 271 for the year
• Miami - $ 90 300 for the year
• Chicago - $ 76 071 for the year
• Philadelphia - $ 65 100 for the year
• Dallas - $ 62 700 for the year
• Atlanta - $ 62 614 for the year
• Houston - $ 58 971 for the year
• Riverside - $ 53 100 for the year
• Phoenix - $ 49 800 for the year
• Detroit - $ 37 971 for the year

Previously Housely real estate site I spent study in major US cities, where the population exceeds 200 thousands of residents, and compiled a list of ten major cities with the lowest rents.

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