Bay Area Rents Highest in Nation

Bay Area rents are the nation's too damn highest.

By Chris Roberts
|  Tuesday, Mar 13, 2012  |  Updated 5:18 PM PDT
View Comments (
)
|
Email
|
Print
Bay Area Rents Highest in Nation

Getty Images

Bring your checkbook -- and your trust fund.

advertisement

Finally, the Bay Area has something it can truly lord over on New York.

Our rents are too damn high.

Rental prices in San Francisco, Marin County and the Peninsula are the highest in the United States, according to the San Francisco Business Times, which didn't stop there: Rents here are "astronomical," the paper exclaimed.

The average rent for a two-bedroom apartment is $1,905 a month, according to a report from the National Low Income Coalition. In order to afford that, a renter needs an income of $76,200, according to the report.

So how YOU doing? Better than two-thirds of the populace, if you can afford it: such rents put the average place out of reach for 64 percent of renters, according to the report.

The San Francisco Business Times built us all a cool-looking widget that breaks down the situation county-by-county. It even tells you the hourly rate needed to make rent: in San Francisco, it's $36.33. Maybe now is time to ask for a raise.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Bay Area Proud
Bay Area Proud is NBC Bay... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out