Owning a house can be pricey! But rent can also be expensive, especially if you live in a big city!
Since 2000, rent has jumped on average or 6% while the average income of a renter decreased by 13% (adjusted for inflation). San Francisco, San Jose, Boston, Washington, and New York are among the most expensive cities to rent in the country.
So when is rent really too high? The rule of thumb generally suggests that your rent should not exceed more than 30% of your total income. Laci Green investigates the numbers and if the rent it really too high.
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