California's metropolitan areas lead the nation in income thresholds necessary to be financially comfortable renters. The analysis indicates San Jose requires $136,532 annually, yet experienced a modest 13% increase in rent burden. In contrast, San Diego faces substantial rent increases, with an income threshold of $122,810 marking a 41% rise over five years. Los Angeles and Orange counties also show high rental burdens at $2,974, equating to 36% of incomes. Overall, the pandemic has shifted demand and rental prices across these major urban areas, showcasing increasing financial strains on tenants.
California hosts five of the eight U.S. metro areas requiring a six-figure income to be a comfortable renter, highlighting the rent burden faced by tenants.
San Jose's typical renter needs $136,532 to keep rent at 30% of income, despite it having the second-smallest rent burden increase among major metros.
In San Diego, the income threshold increased by 41% over five years, reflecting a significant jump in rent burden, with midpoint rents equating to 33% of income.
Renters in Los Angeles and Orange counties face a hefty challenge, with living costs demanding almost 36% of their income while seeing an increase of 28% in five years.
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