5 ms·
Comparing median rent price to the lowest income earners is not relevant. Looking at the 1st percentile of rent prices would be appropriate.
by morecoffee 10y ago
Comparing median rent price to the lowest income earners is not relevant. Looking at the 1st percentile of rent prices would be appropriate.
- matt4077 10y agoI just checked San Jose, with my theory that market prices are really compressed at the lower end so as to make the median a relevant figure even for low-income people. The cheapest I could find for a 2-bedroom is 1,800, which is not far of from the 2,280 median: http://www.zillow.com/homes/for_rent/San-Jose-CA/house,condo,apartment_duplex,mobile,townhouse_type/33839_rid/2-_beds/paymenta_sort/37.584037,-121.490593,37.009406,-122.14428_rect/10_zm/ http://www.zillow.com/homes/for_rent/San-Jose-CA/house,condo...