Hint: It's not New York

San Francisco residents have the hardest time affording a two-bedroom apartment, followed by Washingtonians and New Yorkers. This according to a new report from the Urban Institute, which compared rental prices and average incomes in a handful of cities across the country. Here's a chart of the results:

Author Margery Turner suggests that the best urban areas (like Oklahoma City) managed to avoid the "excesses of the boom years" while maintaining a relatively robust economy. D.C., not so much. As Turner writes:

If you live in the DC metro, you need to earn about $60,000 to afford the rent for a typical (modest) two-bedroom apartment. Average earnings just barely exceed that threshold. If you’re a computer professional, you probably earn much more (over $90,000 on average), but if you’re a personal service worker, you may only earn half of what you need to afford that apartment. Disparities are equally stark in San Francisco, but the unemployment rate there is almost 10 percent, compared to only 6 percent in the Washington region.

See the whole post here.

About the Author

Most Popular

  1. a rendering of the moon village with a view of Earth
    Design

    Designing the First Full-Time Human Habitat on the Moon

    SOM, in partnership with the ESA and MIT, wants to accommodate research and maybe even tourism on the moon.

  2. Design

    The Many Lives of Notre-Dame

    Far from being a single author’s definitive text, the beloved cathedral’s history is a palimpsest.

  3. A man checks a route on his phone while in a car.
    Equity

    Conversations With D.C. Uber Drivers Reveal Stress and Debt

    A new report from Georgetown University reveals wage and other challenges faced by Uber drivers in Washington, D.C., yet many say they plan to keep driving.

  4. a photo of San Francisco tourists posing before the city's iconic skyline.
    Life

    Cities Don’t Have Souls. Why Do We Battle For Them?

    What do we mean when we say that the “soul of the city” is under threat? Often, it’s really about politics, nostalgia, and the fear of community change.

  5. A photo of the Notre-Dame Cathedral fire in Paris.
    Design

    Amid Notre-Dame’s Destruction, There’s Hope for Restoration

    Flames consumed the roof and spire of the 13th-century cathedral in Paris. The good news: Gothic architecture is built to handle this kind of disaster.