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DC-Area Apartment Renters Need To Earn $91,000 To Afford Median Rent, Per Report

  • May 13th

by UrbanTurf Staff

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A new report estimates how much DC-area apartment renters need to earn in order to afford their monthly rent. 

Zillow recently found that renters need to have an income of approximately $90,730 in order to afford the median apartment rent of $1,850 a month in the DC region. Single-family home renters need to earn closer to $120,000 a year. 

Nationally, renters need to earn about $80,000 to afford the median asking rent of approximately $2,000 a month. 

"Nationwide, renters today need to earn more than $80,000 to comfortably afford the typical rental, up from $60,000 just five years ago," the report stated. "In eight major metro areas, renters now need to make six figures to comfortably afford rent."

This article originally published at https://dc.urbanturf.com/articles/blog/dc-area_apartment_renters_need_to_earn_91000_to_afford_median_rent_per_repo/23497.

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