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The Median Rent for an SF Two-Bedroom Hits $5,000/Month
- nodesocket 11y agoIs median really the stat we want to use here? Mean?
- pkaye 11y agoMedian is less influenced by the outliers.
- Futurebot 11y agoYup. Particularly important in the markets where many people actually live/move to/can find jobs (SF, NYC), because they have incredible outliers on the high end.
- Futurebot 11y agoZumper/Smartasset has the average at $4650 for a 2 bedroom: https://smartasset.com/mortgage/what-is-the-cost-of-living-in-san-francisco https://smartasset.com/mortgage/what-is-the-cost-of-living-i... Only marginally less shocking. As for your question, the median is used in questions of affordability (data from StreetEasy, Zillow, Elliman, etc.), rather than the mean.