Here's How Much You Need to Make to Afford Rent in SF - NBC Bay Area
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Here's How Much You Need to Make to Afford Rent in SF

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    Here's How Much You Need to Make to Afford Rent in SF
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    San Francisco, California.

    City living can be fun, glamourous and expensive - but mostly expensive.

    If you were thinking about moving to a city soon, you might want to take a look at Smart Asset's 2016 report that breaks down just how much money you really need to make it in the big city.

    The personal-finance company gathered data on the average cost of renting available two-bedroom apartments in in each major city and calculated the gross income required by setting the rent-toincome ratio at 28%.

    Check out the cost of these major cities!

    San Francisco, California

    Photo credit: Getty Images

    Income needed to pay rent: $216,129

    Average cost of renting a two-bedrom in 2016: $5,043

    Percent change from 2015: 7.4%

     

    New York, New York

    NEW YORK, NY - SEPTEMBER 11: The September 11 Tribute in Light rises from the New York City skyline as seen from the Brooklyn Heights neighborhood of the Brooklyn Borough of New York City on September 11, 2015. Today marks the 14th anniversary of the attacks where nearly 3,000 people were killed in New York, Washington D.C. and Pennsylvania. (Photo by Andrew Burton/Getty Images)
    Photo credit: Getty Images

    Income needed to pay rent: $158,229

    Average cost of renting a two-bedroom in 2016: $3,692

    Percent change from 2015: -0.1%

     

    Los Angeles, California

    Photo credit: Getty Images

    Income needed to pay rent: $145,629

    Average cost of renting a two-bedroom in 2016: $3,398

    Percent change from 2015: 17.1%

     

    Boston, Massachusetts

    Income needed to pay rent: $120,900

    Average cost of renting a two-bedroom in 2016: $2,821

    Percent change from 2015: -0.2%

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