Can You Afford to Rent?

Thinking about renting your next home? Have you checked out our popular article about “how much you should spend in rent each month?” A few days ago, Zillow, broke down how much you need to make per hour in order to pay rent in top American Cities. Where did Boston fall in the list?

$50 per hour

That is right, in order to afford the median priced rental in Boston, someone would need to make $50 an hour – higher than almost any other market. NYC came in at $44 an hour where LA was close at $49. Here is the complete breakdown from Zillow:

From Zillow

From Zillow

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  1. Are You Ready for Home Ownership? - Charlesgate Realty - March 10, 2015

    […] that renting in Massachusetts is becoming much more expensive, noting one in four renters spend half of their income on renting costs. If you think you’re ready to go from renter to owner, consider these commonly overlooked […]

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