You’ll need a $1,152 raise to make the rent

14 Jul

You’ll need a $1,152 raise

“Renters in the Los Angeles and Orange County metropolitan area would need an annual raise of $1,152 to keep up with expected rent increases in the next year, a study by real estate website Zillow says. The L.A./O.C. area came in second highest in the nation, after No. 1 Seattle at $1,248. That compares with $168 for the U.S. as a whole. In Seattle, L.A./O.C. and Boston, renters need their incomes to be at least $1,000 higher next year to have the same amount of money left over after paying the rent, according to the analysis…..”  -Marilyn  Kalfus

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