We’re not at Bay Area levels of expensiveness yet, but it costs a lot to live–and rent–in LA.
An April survey from Forbes deemed Los Angeles the fifth worst major metro for renters, but that was probably far from shocking for all the tenants out there. By Forbes’ count, the average monthly rent amounted to $1,892.
A study from NYU Furman Center and CapitalOne found that about 60 percent of Angelenos pay more than 30 percent of their income toward rent, falling into the category of “rent-burdened.”
This year, rents are expected to continue rising steadily (actually, “soar” was how it was described in one report), but how much have they already increased for actual Angelenos? We’d like to know, so in this thread, let us know: Where do you live, and how much has your rent crept up since you first moved in? What were you paying when you started living there, and how much of a rent increase would it take for you to start looking around for another place? Let us know in the comments.
- Here’s How Much You Need to Make to Live ‘Comfortably’ in LA [Curbed LA]
- Los Angeles is One of the Worst Cities For Renters [Curbed LA]
- Report: LA Rents Are Going to ‘Soar’ [Curbed LA]
- Los Angeles is Getting Even Less Affordable For Renters [Curbed LA]