Many Californians need six-figure incomes to afford rent
California is home to five of the eight U.S. metropolitan areas where a six-figure income is necessary to be a financially comfortable renter.
My trusty spreadsheet analyzed April rent data from Zillow, which tracked the stress on household finances caused by the rising cost of being a tenant in the nation’s 50 largest metro areas since the pandemic disrupted the nation’s economy.
The typical renter in the San Jose metro area needed to earn $136,532 per year to keep local apartm