The 2017 rental affordability index is here! Illustrating the cost of rent per square foot, the index covers a wide variety of locations. Included are 33 London boroughs, 15 UK cities and 72 cities worldwide. This goes a long way towards revealing the costs of housing as well as living in these areas.
Based on the rental affordability index, the research could further convey the minimum gross salary required to support an individual and a family of four in rented property,. This is based on the minimum space recommended for one person, and for a family.
Least Affordable In The United States
Based on these findings, San Francisco is the least affordable city in the United States. This comes as no surprise. Recently as many as 40% of bay area residents have indicated they would be open to relocating.
An even better method for calculating the gross salary required to support a household would be to download the City Vs City cost of living calculator! You’ll be able to account for the ranking of ZIP codes in each city based on cost of housing. In other words, you’ll be able to account for your standard of living!
Compare this powerful mobile app to the standardized and broad research of this study.