> $3500
> rich enough that a couple months’ rent is nothing
I largely agree, but I would like to know where rent is $1750/month,
I live in a low cost of living state and my rent is $3000
> rich enough that a couple months’ rent is nothing
I largely agree, but I would like to know where rent is $1750/month,
I live in a low cost of living state and my rent is $3000
As a single dude, I don't think I've ever paid $3000 for rent, anywhere I've lived, urban or rural. I think $2200 was the max and that was for a nicer short term rental.
Some figures: https://www.apartments.com/rent-market-trends/us/
Average rent for the city + suburbs is around $2400/month but that includes houses as well as apartments.
It looks like the link you shared is focused on 700sqft apartments. The national average rent for a 3 bed house shows to be $2400
I've never been rich enough to be able to rent a single-family house to myself, only with several roommates or a partner. So to me "rent" has always been "cheap small apartment in a relatively safe but not luxurious part of town". It's all relative :)
Even now, with a steady partner, both mid-career and in our late 30s/early 40s, we can only afford to rent one half of a duplex (for about $2000). That gets us 2bd/2ba next to a nice little hiking spot though, so we feel quite lucky!
It's a very different life than the millionaire FAANG folks live, I assume. We barely scrape by month to month, but we're content and grateful for what we do have :)
Just means no Vision Pro in our futures, lol. But if someone comes out with a good $300-$500ish wearable virtual monitor, I'd love that. Curious about the Xreals...
I lived in the Stone Mountain area a few years back in a small house (2bd 1ba) for about $1200 / month.
I live in the suburbs where apartments are rare. The average renter is a family renting a 2-3 bedroom house for around $2400/month.
> I lived in the Stone Mountain area a few years back in a small house (2bd 1ba) for about $1200 / month.
a quick peak at zillow shows only one house listed for less than 1400/month in Stone Mountain. Average for a 1200sqft 2b1b today seems to be around 1800/month.
There's not a huge number, but I see some:
$1600 / month (3bd 2ba ~1400sqft) https://www.trulia.com/home/5449-pepperwood-ct-stone-mountai...
$1400 / month (3bd 3ba ~1400sqft) https://www.trulia.com/home/640-woodcrest-manor-dr-stone-mou...
$1600 / month (3bd, 2ba, ~1100sqft) https://www.trulia.com/home/1616-w-austin-rd-decatur-ga-3003...
So it is very doable in Southeast US. I'm not sure where you live where the average rent is $2400 for a similarly sized 2-3 bedroom house, but if you work remotely - it's trivial to find significantly cheaper rents.
I live in a fairly urbanized walkable city so I haven't rented a house in a while. Here $3k / month would get you a pretty posh pad, but it's far more than I spend on my flat.
They are either married or have roommates and spend roughly %20 of their income on housing.
At $140k/year that works out to about $2300/month.