Here’s How Much You Need To Earn To Afford a 2 Bed Apartment In These 15 Top Cities

Here’s How Much You Need To Earn To Afford a 2 Bed Apartment In These 15 Top Cities

According to the personal-finance site SmartAsset, you have to earn over $150,000 a year to afford rent on a two-bedroom apartment in New York City.

In its new report, the site looked at the average fair market rent (the average cost of renting an available apartment in 2016) for two-bedroom apartments in the 300 largest US cities, then focused on the main cities within the 15 largest metro areas.

15. Detroit

Fair market rent for a two-bedroom: $886 a month

Income required: $37,971

14. Phoenix

Fair market rent for a two-bedroom: $1,162 a month

Income required: $49,800

13. Riverside, California

Fair market rent for a two-bedroom: $1,239 a month

Income required: $53,100

12. Houston

Fair market rent for a two-bedroom: $1,376 a month

Income required: $58,971

11. Atlanta

Fair market rent for a two-bedroom: $1,461 a month

Income required: $62,614

10. Dallas

Fair market rent for a two-bedroom: $1,463 a month

Income required: $62,700

9. Philadelphia

Fair market rent for a two-bedroom: $1,519 a month

Income required: $65,100

8. Chicago

Fair market rent for a two-bedroom: $1,775 a month

Income required: $76,071

7. Miami

Fair market rent for a two-bedroom: $2,107 a month

Income required: $90,300

6. Seattle

Fair market rent for a two-bedroom: $2,293 a month

Income required: $98,271

5. Washington, D.C.

Fair market rent for a two-bedroom: $2,783 a month

Income required: $119,271

4. Boston

Fair market rent for a two-bedroom: $2,821 a month

Income required: $120,900

3. Los Angeles

Fair market rent for a two-bedroom: $3,398 a month

Income required: $145,629

2. New York City

Fair market rent for a two-bedroom: $3,692 a month

Income required: $158,229

1. San Francisco

Fair market rent for a two-bedroom: $5,043 a month

Income required: $216,129
via BI | Lead image: Shutterstock

NestQuest Direct
hello@nestquestdirect.com
No Comments

Post A Comment