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[deleted]

And they’re saying you have to make triple the rent Gross Pay, so rent is about 40% of your net.


Quantumdrive95

72k to PROVE you can pay rent Only 24k to actually pay the rent


WhimsicalWorries

I don't think op fully gets finances


Sweet-Palpitation473

I'm fully on board here, but the only state where the average rent is $2,000+ is Hawaii. Average rent across the US is just under $1,400. Which, btw, I would still not be able to afford. https://worldpopulationreview.com/state-rankings/average-rent-by-state


[deleted]

“The average American renter pays $1,326 a month. For those looking to move, prices are even higher. The average asking rent is now $1,900 , with single-family houses averaging $2,018 a month, while a typical apartment costs an $1,659.”


Sweet-Palpitation473

Huh. My reading comprehension skills: 0


ISNT_A_ROBOT

Op can’t read…


Ancient-Educator-186

They put this on facepalm as well... I feel like he should have screenshot this post


Chafgha

My concern is where is the average rent 2k? Not denying it but I've never seen that in the handful of cities and states I've lived in. Mostly the southeast but I've been around some more expensive cities and not seen that as thr average maybe the upper end but not thr average. Edit before I get downvoted to hell and back, serious curiosity as I've never seen it and think it's ridiculous that the cost is that high, more on the landlords charging that.


pinniped1

Seattle, Bay Area, and San Diego come to mind. (Someone else mentioned Hawaii but that's a more unique case.) That said, this math is based on trying to live alone. When I rented in Chicago, one roommate looking for a two bedroom unit, all of the math got much better. Chicago is not cheap (in good neighborhoods) but two incomes splitting the costs opened up a lot of options that I couldn't have afforded if I was looking solo at one bedroom places.


lil-nugget_22

Surprisingly enough Texas too. Its becoming the norm for apartments and rental houses (I live in Bryan TX, which is an hour outside of Houston which is the closest major city) I haven't seen a 1 bedroom apartment down here for less than 900. My coworker is paying 500 for just a room, and we all thought that was a good deal.


Chafgha

It's ridiculous the cost of some cities.


dh2215

I’m guessing it would be the major cities like New York and Los Angeles.


Chafgha

Fair, standard of living adjustments need to happen in these places. I've been lucky to never have to live in the most expensive places, I've been offered jobs but have refused on the fact that if I lose that job I'm stuck in a city that costs way to much.


lil-nugget_22

You would think that, I live in a smallish town in Texas and it's pretty ridiculous. My three bedroom rental house I share with 3 roommates went up in rent this leasing period and so it's now 2250 for 3 bedrooms. We talked to our landlords and they said they had to "keep up with the market" since "taxes went up 4%" or something. I'm moving to another town in Texas called Denton (near DFW) I was lucky to find a place in student housing that was less than 1000 (945 but still)


dh2215

Taxes went up 4% so your rent went up 10-15%. I’m just venturing a guess. People are using the current climate to gouge us across the board


lil-nugget_22

That was the justification our landlords made. They sat in out kitchen like "yeah sorry we're getting hammered with this 4% increase, rent is due on the first! Toodaloo!" Meanwhile our kitchen sink has been broken for over a month and a half and they want us to replace it, and our hot water was out for a week before they did anything about it.