Worst Cities to be a Renter
Posted: Mon Mar 16, 2015 4:35 pm
http://money.cnn.com/2015/03/16/real_es ... hest-rent/
Overall, rents have increased faster than income in all but four of the 70 metro areas, according to a report Monday from the National Association of Realtors.
In some areas, rents may not have gone up astronomically, but income has actually declined, heightening the disparity. It is particularly glaring in Albuquerque, where rents have increased 10% in the past five years. But income in the metro area declined 12% in the period.
It's a similar story in Providence, RI, Omaha, Tuscon and New Orleans, where income is falling even as rents rise.