What does $100K rent you?
A $100K income supports a $2,500 monthly rental budget, enough to access 77% of rentals nationwide and nearly 20% more living space than the typical renter.
But that budget looks very different depending on where you live. In Memphis, $2,500 can rent a median 2,119-square-foot, four-bedroom home. In San Jose, that same budget gets a 650-square-foot, one-bedroom apartment.
The takeaway: The places where $100K goes furthest are the places that have built enough housing to meet demand. Where supply has lagged, even high earners can feel the squeeze.
A $100K income supports a $2,500 monthly rental budget, enough to access 77% of rentals nationwide and nearly 20% more living space than the typical renter.
But that budget looks very different depending on where you live. In Memphis, $2,500 can rent a median 2,119-square-foot, four-bedroom home. In San Jose, that same budget gets a 650-square-foot, one-bedroom apartment.
The takeaway: The places where $100K goes furthest are the places that have built enough housing to meet demand. Where supply has lagged, even high earners can feel the squeeze.
6 0 0 5 2.5K 0
