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Nation’s top three most expensive places for renters: all in Bay Area

Source: The Mercury News

If you want to rent a two-bedroom apartment in the South Bay, you’d better make close to $50 an hour — or roughly $100,000 a year — according to a startling new report that pegs all three of the nation’s most expensive regions for renters squarely within the Bay Area.

It’s even worse in San Francisco, Marin and San Mateo counties, where workers need to net $60 an hour, or about $125,000. In the East Bay, it’s $45 an hour, or $93,000 a year, according to the “Out of Reach” study released Wednesday by the National Low Income Housing Coalition.

The new numbers highlight the dire situation that confronts many local workers as they’re forced to cram into small, overcrowded apartments or commute long distances from cheaper neighborhoods in the Central Valley and beyond.

 

About Community Real Estate

Community Real Estate is a Real Estate Company committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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