Here's how much money you need to afford rent in the 15 most expensive U.S. cities

You'll request to gain astatine slightest doubly arsenic overmuch arsenic astir Americans if you privation to rent an average-priced flat successful the astir costly U.S. cities, a caller investigation finds.

In conscionable nether fractional of the 50 most-populated cities successful the States, the outgo of lodging is unaffordable to astir renters, according to a survey by Apartment Guide, a rental hunt website. This uncovering is based connected the thought that rent costs should lone beryllium 30% of a household budget, which is a communal regularisation of thumb recommended by idiosyncratic concern experts. 

The pursuing rankings are the astir costly cities based connected however overmuch wage you'd request to support rental costs astatine 30% of your wide income:

With rent prices soaring since past year, affordable rent successful already-expensive cities similar New York, Los Angeles and San Francisco has been enactment further retired of reach.

New York City leads the rankings: Renters determination would person to marque $254,040 for rent to lone comprise 30% of their budget. That's astir 4 times the yearly median income for households, which is $64,994 according to the astir caller U.S. Census Bureau data.

And retired of the 10 astir costly cities, 8 would necessitate doubly the yearly median income to support rent costs astatine 30%.

Large coastal cities predominate the apical of the rankings, portion smaller cities successful the mediate of the state thin to person little rent costs. The lowest-ranked metropolis is Wichita, Kansas, wherever residents lone request to marque $28,741 for rent costs to beryllium 30% of their full budget.

However, it's worthy noting that radical successful large, costly cities tend to gain much money compared to cities successful states wherever some income and lodging costs thin to beryllium lower, connected average. 

Rental information for the rankings is based connected Apartment Guide's rental spot inventory for one- and two-bedroom units from July 2021 to July 2022. The rent prices are an amalgamated mean based connected the fig of disposable units. 

Because it's an mean measurement crossed 2 types of units, rental prices volition apt skew higher than what astir radical pay, owed to a tiny fig of high-earning renters paying good supra the median price. 

The apical 50 cities by colonisation are based connected existent U.S. Census Bureau colonisation estimates.

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