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Not all California counties had Census data available. Yuba County had the highest percent difference of nearly 73% between the median rent ($1,124) and mortgage ($2,411).
The city is the second most expensive county in California for renters. A tenant must make a minimum $61.31 hourly wage in order to afford a two-bedroom apartment. (Yichuan Cao / Sipa USA via ...
[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
But living in this tech hub is exceedingly expensive; the median home price stands at $1.4 million, while the median rent for a one-bedroom apartment is over $4,200 per month.
In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [3]
A recently released report shows rent has dipped across the country, but the housing market is still tough.
See which California cities are the most costly to live in. Several studies agree: The premium to live in California may be 40% to 50% over the national average.
Since it takes so long to gather rent information, we have something counterintuitive: Housing inflation rates, the very things designed to communicate how expensive housing is, just don’t ...