Here's How Much Money You'd Need To Make Per Month To Afford Living In The US's Most Populated Cities
If you somehow haven't noticed, rent prices have skyrocketed and it's becoming very, very expensive to be alive.
being an adult is a little bit out of my price range right now
So, out of cat-killing curiosity, I googled how much the average cost of rent is in the US's most populated states, and yeah. It's trash. People are being priced out of their homes, and sometimes numbers are hard to understand at face value, so let's break down exactly how much residents would need to make per month and/or year to live in an average one-bedroom apartment across the States.
To calculate whether someone can afford rent, most apartments require that an applicant's monthly income be 3x greater than their expected payments. So, for example, if you make $900 a month, your rent should not exceed $300.
With this in mind, here are the average costs of rent and expected incomes:
1.New York City, NY: $11,925 per month or $143,100 a year
Current average cost for a one-bedroom apartment: $3,975
2.Los Angeles, CA: $7,422 per month or $89,064 a year
Current average cost for a one-bedroom apartment: $2,474
3.Chicago, IL: $5,400 per month or $64,800 a year
Current average cost for a one-bedroom apartment: $1,800
4.Houston, TX: $4,002 per month or $48,024 a year
Current average cost for a one-bedroom apartment: $1,334
5.Phoenix, AZ: $4,335 per month or $52,020 a year
Current average cost for a one-bedroom apartment: $1,445
6.Philadelphia, PA: $4,350 per month or $52,200 a year
Current average cost for a one-bedroom apartment: $1,450
7.San Antonio, TX: $3,489 per month or $41,868 a year
Current average cost for a one-bedroom apartment: $1,163
8.San Diego, CA: $7,953 per month or $95,436 a year
Current average cost for a one-bedroom apartment: $2,651
9.Dallas, TX: $4,419 per month or $53,028 a year
Current average cost for a one-bedroom apartment: $1,473
10.San Jose, CA: $8,355 per month or $100,260 a year
Current average cost for a one-bedroom apartment: $2,785
11.Austin, Texas: $5,145 per month or $61,740 a year
Current average cost for a one-bedroom apartment: $1,715
12.Jacksonville, Florida: $3,675 per month or $44,100 a year
Current average cost for a one-bedroom apartment: $1,225
13.Fort Worth, Texas: $3,540 per month or $42,480 a year
Current average cost for a one-bedroom apartment: $1,180
14.Columbus, Ohio: $3,651 per month or $43,812 a year
Current average cost for a one-bedroom apartment: $1,217
15.Charlotte, North Carolina: $4,500 per month or $54,000 a year
Current average cost for a one-bedroom apartment: $1,500
16.Indianapolis, Indiana: $3,285 per month or $39,420 a year
Current average cost for a one-bedroom apartment: $1,095
17.San Francisco, California: $9,285 per month or $111,420 a year
Current average cost for a one-bedroom apartment: $3,095
18.Seattle, Washington: $6,087 per month or $73,044 a year
Current average cost for a one-bedroom apartment: $2,029
19.Denver, Colorado: $5,130 per month or $61,560 a year
Current average cost for a one-bedroom apartment: $1,710
20.Washington, D.C.: $7,131 per month or $85,572 a year
Current average cost for a one-bedroom apartment: $2,377
21.Nashville, Tennessee: $5,172 per month or $62,064 a year
Current average cost for a one-bedroom apartment: $1,724
22.Oklahoma City, Oklahoma: $2,547 per month or $30,564 a year
Current average cost for a one-bedroom apartment: $849
23.Boston, Massachusetts: $9,240 per month or $110,880 a year
Current average cost for a one-bedroom apartment: $3,080
24.El Paso, Texas: $2,199 per month or $26,388 a year
Current average cost for a one-bedroom apartment: $773
25.Portland, Oregon: $4,500 per month or $54,000 a year
Current average cost for a one-bedroom apartment: $1,500
