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 sign outside a storefront in Buffalo, New York.
    Environment

    Will Buffalo Become a Climate Change Haven?

    The Western New York city possesses a distinct mix of weather, geography, and infrastructure that could make it a potential climate haven. But for whom?

  2. photo: A vacant home in Oakland that is about to demolished for an apartment complex.
    Equity

    Fix California's Housing Crisis, Activists Say. But Which One?

    As a controversy over unoccupied homes in the Bay Area and Los Angeles reveals, advocates disagree about what kind of housing should be built, and where.

  3. photo: a high-speed train in Switzerland
    Transportation

    The Case for Portland-to-Vancouver High-Speed Rail

    At the Cascadia Rail Summit outside Seattle, a fledgling scheme to bring high-speed rail from Portland to Vancouver found an enthusiastic reception.

  4. A syringe sits on top of a car. Houses are behind it.
    Life

    The Changing Geography of the Opioid Crisis

    A new study shows that the country faces different opioid challenges in urban and rural areas.

  5. Environment

    The City Known for ‘Sewer Socialists’ Actually Has Great Sewers

    Milwaukee now averages a mere 2.4 combined sewer overflows a year, thanks to a massive underground tunnel, green infrastructure, and flood-control measures.

×