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Sponsored by Pillar to Post |
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Incomes Need to Rise at This Pace to Stay on Track With Rents |
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Rent raised? You'll need a raise. According to a new analysis by Zillow, the average renter would need his or her income to grow by $168 to keep up with an expected 1 percent rise in rents over the next year. Many renters, however, would need more—in some cases, much more—to keep costs manageable. Renters in Seattle, Los Angeles, Boston, Sacramento, and Orlando would be in need of the biggest pay bumps, according to the analysis. In Seattle, renters would need an additional $1,248, while in Orlando, renters would need an additional $672. Renters in San Antonio, Detroit, Las Vegas, Austin and Columbus would be in need of the smallest—$84 in San Antonio and ...
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